The American Oil Boom Won't Last Long at $65 Per Barrel:
OPEC's idea is to try to knock out U.S. Shale producers by driving prices lower than they can afford. That way Saudi Arabia, the cartel's biggest exporter, can keep its market share in the U.S. Ref. Source 8
Brent crude oil falls to new five-year low:
The fall appeared to have been prompted by Saudi Arabia cutting prices to Europe. At the same time, the kingdom, Opec's largest oil-producing nation, raised them for Asian customers. Ref. Source 6
Saudi Prince Warns "We Will Not See $100 Oil Again", Calls Anti-Russia Conspiracy "Baloney":
The prince of the Saudi royal family said that while he disagrees with the government on most aspects, he agreed with their decision on keeping production where it is, adding that "If supply stays where it is, and demand remains weak, you better believe it is going to go down more Ref. Source 2
From what I have read the states can maintain this level of production for many years. Maybe buy then a better power source can be found.
International Level: Senior Politician / Political Participation: 188 18.8%