This is Saudi Arabia's gas war against the American fracking industry.
They may kill off a few companies, but the oil and gas is still there...still in the ground.
Old companies will be reorganized and new companies will be formed...and, in the end, only the Saudi's will have suffered.
Saudi's may be rich, may even go to the best business schools...but the muslim mind is a dead, limited to the inside of the box, linear mindset.
It lacks the capacity to understand reality.
Reality is dynamic...exponential.
Fairly sure at this point you are not one of the industry.
Lots and lots of people out of work. Lots of business struggling to survive. Some won't make it. Some are already gone.
And Saudi isn't "suffering" that much besides depleted cash reserves, while they have increased their drilling and other investment for larger future production. Now Venezuela, Nigeria, Angola, etc, they are really suffering at this time. They brought most of it on themselves, so I don't feel sorry for them.