Certain facts, which were fairly well known in the early 70's, seem to have been forgotten. I will offer them. If you find them difficult to believe, well the truth is out there for those who want to know.
The fact is, oil production is controlled by US, British and Dutch oil companies. The Arabs you see sitting around that big OPEC table are front men for the real men calling the shots. They artificially inflate the cost of oil at their whim. If there was ever a group that needed reigned in, it is them. Most people are not stupid (except the far-right). They know this is happening. They have just been beaten into submission.