Simple truth here and new reality here, that seems to elude both the Current Occupant of the White Hut, and his Muslim mentors in the Middle East - there are suddenly vast quantities of recoverable crude oil available from sources NOT under the control of OPEC, and the fortunes of the Middle East oilmongers will suffer accordingly.
Canada is going to sell their oil, if not to the obvious customer (the US) then it will be piped to a port on the Canadian West Coast and go to the Far East, thus impacting the market the Middle East oil fields now have. Even now, the Canadians have resorted to shipping their oil by rail car to East Coast Canadian ports (and the resulting damage impact of that form of transportation), even though this is a more costly way of transporting the commodity.
The world will continue to consume petroleum-based energy, with or without the blessing of the Current Occupant now squatting in the White Hut.