They had a meeting and they all agreed that the meeting was good and they all agreed that the oil price was to high and then they deicide to do nothing about it. That’s summons up the meeting with the leaders from the biggest oil consumers. Why did they not have a video conference or something to discuss this instead that would show that they really care. China and India does not want to scrap the subsidies on oil since they know there people will revolt if the people know the real price, but canceling the subsidies is a good start to lower the price of oil in a very fast way.
The consumers and the government need to feel the real pinch of the high price so they start doing something about it. It is also not fair of other producers in other country that have to higher the price of their products because of the oil price.