I think people are missing the (tin hat sounding) real thing behind this:
It is a vast conspiracy by the huge, established international oil producers to drive out the small ‘upstart’ American companies that have been booming the last few years in the Bakken and other new, and the newly productive by fracking fields in the US.
When those companies are put out of business, oil will zoom back to what it was, and likely higher.
However, as soon as it passes, what, $60 per barrel or even less, fracking once more becomes viable, so the frackers are back in business. Looks to me like fracking is a permanent governor to keep the arab price gougers in line.
Which will create an environment for startups...