Note the price of oil recovered by American companies in America wold not be subject to OPEC’s global price fixing and could be actually cheaper than imported oil. The new oil boom would spark an economic recovery that no stimulus plan ever could.
Sorry, Charlie.
Oil is fungible. American oil companies have no incentive to sell oil for less than the world price. While it tries, and does have some influence, OPEC is unable to fix the price wherever it wants. Supply and demand still drives the price.
The major way OPEC influences pricing is by attempting to limit supply. Since most of the major countries cheat on their OPEC quotas, these attempts are less than fully successful.