Seems I was unnecessarily optimistic about the Saudi's prospects. Their cash burn is much faster than I had thought. They're screwed. Oil isn't going back to the levels they need until shale and the oil sands are exhausted.
http://www.telegraph.co.uk/finance/oilprices/11768136/Saudi-Arabia-may-go-broke-before-the-US-oil-industry-buckles.html
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