Why would the oil & gas industry have any desire to dominate the masses? They are a business, not a political philosophy.
Perhaps I phrased my comment incorrectly. I did not mean to refer to the "industry" but to the specific individuals that lead the industry and make its decisions. That includes the banks that have been a vital part of enabling the extremely capital intensive nature of the search for underground wealth since 1859.
The industry may be a "business" with no personality or philosophy other than making money, but the people involved have a whole range of ideologies and philosophies. They are very much a part of the elite that very definitely desires to maintain their place in the world, often at the expense of the masses.
Further, they do quite well financially, with a free and open market place providing the necessary checks and balances.
Perhaps more than any other business on the planet, the oil and gas industry has been subjected to wild swings between boom and bust, often driven by characteristics that are not well regulated by the free market. That is why there have been a number of different price setting cartels and regulatory bodies established, including the Texas Railroad Commission, the Seven Sisters, OAPEC, and now OPEC. There are any number of good books about the history of the business, perhaps the best is The Prize, the 1991 best seller by Daniel Yergin.
OPEC is a cartel intent on controlling the price of oil so they can make lots of money at everybody else's expense. Such an operation needs to be crushed through the forces of the free market, including increased supply and reduced demand through better efficiency.
You did not answer my question. The specific tool that OPEC uses to attempt to control the price is an allotment system where each member has a production quota that gets adjusted up or down depending on whether OPEC is satified with the current pricing and believes that the market can accept more supply without a profit destroying collapse in prices or if it believes that prices are too low due to oversupply.
My reason for asking that question is to get you thinking about OPEC's natural response to the development of an energy supply like nuclear energy that can flood the energy market and drive down prices without any influence from the quota setters at OPEC.
By the way, OPEC has been in business since I was in elementary school. I am now a grandfather in my mid 50s. The forces of the "free market" are not even trying to crush OPEC; the multinational oil and gas companies enjoy the profits that they make partially as a result of the way that OPEC instills some discipline and prevents overproduction that would result in a price collapse. It has not always been effective (note the low prices that were in effect during the period from 1986-2000), but it has done a pretty good job - for the oil companies and their financial backers - over the years.