I suspect the majority of US oil production will survive this period of low prices better than Venezuela and Nigeria does.
The US produces about the same amount of oil that the smaller half of OPEC does. I’ll bet when price eventually climb, the US oil industry will be in better shape than half the countries in OPEC.
Venezuela will be lucky to survive the revolution that is likely to occur. They have been out of toilet paper for a long time already.
In a related thread
Oil price collapse claims WA’s Red Fork Energy, shale gas company in receivership (1st Major Victim)
http://www.freerepublic.com/focus/f-news/3236760/posts