not entirely, too easy to cap them and restart them.
They could shut our oil production down at 30-45, but it would just start back up at 50.
basically, we have just created a new ceiling for oil prices.
Is this dramatic drop driven by the Saudis in an attempt to curtail/destroy our nascent fracking industry?
My friend thinks this is the case, but he also belives in grey shape-shifting aliens that walk among us, so I am dubious.