It's not working.
Oil touched $36 a barrel this morning.
Only as long as it serves the needs of the handful of countries and corporations that control the world's oil supply.
A diamond wholesaler said this about DeBeers, "they are in the business of restricting the availability of diamonds to control the prices and overcharge the consumers"
Oil is another worldwide monopoly supported by many governments including ours, not that much different than DeBeers.
For decades, we have allowed them to control and even damage our economy, if anybody else had done that, it would be a good reason to bomb them. Money talks.
Unless you actually believe that we don't produce oil in Alaska to protect the caribou.
YMMV