No, it didn't die. It was wounded. You're the one proposing a coup de grace.
You're like this: There's a fox in the henhouse! What shall we do? I know, let's burn down the henhouse, shoot the fox, and replace it with a pack of wolves. That will be fine.
And for the I-don't-know-how-manyth-time: if the Oil states own our government, do you really think for a second that this idea of yours has a chance? I think you overstate their influence, malign and widespread as it undoubtedly is.