OPEC forecasts more gloom on the Oil front!

I have to say that as a layman even I am pretty disappointed with the way that OPEC is handling this bullish trend in the oil prices. One would have thought that with all the resources that they have at hand, the OPEC would do more to bring down the price of Oil, but that seems to be far from happening.
It is not just the United states that is bound to be affected by OPEC's shilly shallying, but the entire world. Here, in India, the government is forced to foot the oil bill and this situation cannot go on forever. Either the OPEC acts by increasing the supplies as that will definitely bring down the price of oil or they should at the very least allow the International body like the United Nations to take over. We are all feeling the pinch of the Oil these days and it seems, according to OPEC, that we are bound to do so for quite some time to come!