That's what happens when just a few have the power to control such a precious resource. Remember that it's not the USA alone that fears the OPEC's shananigans.
What amazes me, is that he doesn't care about "the bigger good" at all (being that a balanced market and all). Its like "yeah, we know this is a dirty trick, but since you all depend on me, u're screwed anyway". It's kinda sad and funny at the same time, lol.