I think the author is saying: "OPEC can no longer set high oil prices, because US, Russia and SA produce more oil than OPEC combined." But on the other hand the

I think the author is saying: "OPEC can no longer set high oil prices, because US, Russia and SA produce more oil than OPEC combined." But on the other hand the year 2008 has shown that it is not the US president who is setting the oil price, but the oil company executives [1]. [1] https://money.cnn.com/2008/05/21/news/economy/oil_hearing/index.htm?cnn=yes https://money.cnn.com/2008/05/21/news/economy/oil_hearing/in...