It wouldn't work, and the industry isn't asking for it...why are you ignoring this?
The industry will be fine, this is nothing new...and US production will continue to grow.
OPEC will not cut production...when countries such as Iran and Venezuela talk about production cuts, they mean the Saudis. I suspect the Saudis would have to cut 3MB/D to affect the market, and that would be temporary, at best...non-OPEC production would soon replace it. That's a third of their production. What then?
They recognize it's in their best interests to keep pumping the oil.
Yada Yada Yada, Your post is without any information that agrees with the reports from the financial press and with reports from real players in the oil trade.
OPEC has met in meetings and has been led by the Saudis to agree to not cut production. Those decisions precipitated a fall in the price of oil and the lower price of oil has already driven some drillers out of business and forced pipeline projects to be cancelled, all this backed by reports in the financial press and in the field; end of discussion.