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The prime minister said: "The sensible way, indeed the only right way, is to put Opec under pressure, not to let it off the hook by caving in to pressure".
"When you've opposed fuel efficiency standards that would actually reduce demand for oil and put OPEC in a bind.
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Opec put a brave face on its inaction, pointing out that the cost of crude had risen by 80% since its last summit in December.
That version tallies with the grumble from the Russian delegation that "some Opec members" put up new demands at the 11th hour.
Barack Obama is now considering whether to lift the restriction on crude exports imposed in the 1970s, a move that could put further pressure on Opec producers by lowering prices but also turn the screws on Russia, which is in Washington's bad books over Ukraine.
They will not want prices to stay too high for too long, or else investors will put money into non-OPEC oil or alternative fuels.The desert kingdom's rulers also remember the lessons of the 1970s oil shocks, when the biggest losers were not consuming economies (which eventually adapted to higher prices) but the petro-economies of OPEC.
OPEC threatened to put off production cuts until they got cooperation from outside producing nations.
"Given this scenario, who should be expected to cut production to put a floor under prices?" Opec argued last month.
There could be two reasons - to try to instil some discipline among fellow Opec oil producers, and perhaps to put the US's burgeoning shale oil and gas industry under pressure.
Such sentiment appears to put much of the responsibility for any short-term cuts in OPEC production on Saudi Arabia, which has greater capacity to make rapid shifts in its output.
Other theories suggest that Opec and the US are working together to reduce crude values to put further pressure on Russia over Ukraine.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com