Opec only controls about a third of the worlds oil production... You don't have much control if your under 50%..
I am amazed how the three candidates are racing to out-dumb each other on this issue, which the public seems to demand. I saw on Cavuto’s Your world FNC Obama let it slip that we use too much energy and eat too much food and high prices are having a positive impact on our behaviour. But at the same time he and campaign are blaming Bush for high prices and saying “he wants to talk about the high prices hurting the middle class.” (this is all the public hears, phoney compassion.) He really loves the high prices but wants to spend all that money oil stockholders are earning honestly. A similar thing happened in Maryland over electric and the voters woke up with even higher than market prices after democrat governor ran on not allowing market rates to rise.
Well their 33% is much higher than our current 3% and our whopping 5% maximum capacity using untapped reserves. We would have practically no effect on oil prices and it could be easily wiped out with a 2% OPEC reduction.