Crude Prices - Will the world never react?

Crude prices have been holding the world to ransom time and again. Every time crude prices begin their skyward movement economies of the world go in a tizzy. Governments try to economize and so do business houses. Jobs are cut and tax rates rise resulting in the vicious spiral of unemployment causes recession which again causes rising unemployment. But does anyone who matters really care?
The answer seems to be in the negative because during last couple of decades since Oil Producers formed a cartel and began to arm-twist the world the action by the rest of the world has been conspicuous by its absence. Though it is not that the rest of the world and UN are incapable of appropriate action. They could bring even Saddam's Iraq around to behave with the food for oil program. Why can't they act until it is too late and human sufferings have caused an irreparable damage.
Markets of the world especially the stock markets are going to be in a tizzy on 4th April 2011. Whether it is due to rising crude prices is debatable but surely rising crude prices would serve to add proverbial fuel to the fire. There may not be many who would believe that markets could go in a tizzy in less than a week from today but my readers would do well to be forewarned by a reading of  March 2011 Issue of my news letter Astro-Finance.