/johnny
You are correct. Back in the 1980’s, they capped a number of wells, in Huntington Beach, when the cost of oil dropped to a certain price. I moved out of town in 1990, but noticed, on a return visit, a few years later, there was an astonishing number of new wells.
And our oilfield rednecks (term of endearment) have proven their resilience to low oil prices many times in recent decades.
As they’ve done in the past, they will bleed off into other occupations and just lay low until the market comes back.
So, Saudis are sucking canal water if they think they can wait out a Texas Oilfield Redneck. All he needs is his pickup, a beer joint and a job doing just about anything and he’s fine! And, there are plenty jobs in Texas!....and beer joints!
Meantime Saudi Jihadis (internal and external) are coming for the terrorist money machine otherwise known as the Saudi Royal Family!