No, they certainly do not tell THE U.S.A. how much to produce, which is what she said if you watched the video.
There is a point where, if the price is too low, where it's not economically feasible to frack. No problem, you leave the oil in the ground until such time that the price goes back up.
Please, don't challenge me on this anymore, I'm in the industry. No, I won't give you proof or a source, but I know wtf I'm talking about.