Your idea will hurt a bunch of countries, our friends included. Here at home the low price of oil is hurting our oil industry. Wells are being capped because they lose money on every barrel pumped. Drillers are going bankrupt.
This was the Saudi plan. Keep supply high as demand slows with the purpose of driving the US frackers out of business. It’s working. New drilling in the US is down substantially.
The US cannot undercut Turkish oil prices as much of that oil comes from ISIS’s captured wells - essentially free oil from captured producing wells. ISIS can always undercut our price & Turkey is lapping it up.
I am confident that the current combination of low oil prices & an expensive war in Syria, which I believe could last years, will do significant damage to the economies of Russia & Iran. Whether Putin & the Iranians care or not is questionable. Both are out for conquests & the inevitable spoils that come with them.
Finally, it is worth remembering that Japan attacked the US precisely because of the US oil/steel embargo on it. Putin will not sit idly by if the US plays war games with oil.
I remember the 1960's and early 1970's when the price of gas was just about .30 a gallon and oil was booming! We need 100% energy independence from OPEC and so do our allies. If we could put a ring of fire around the middle east, we'd have the ultimate hammer to hold over them.
We could tell them: Nobody needs your oil anymore. Keep up this WAHABI Terror crappola and see what happens. Maybe we turn your fields into oil under glass, with a slight glow...