“I think the Saudi’s are doing exactly what they said they are doing.”
I agree with that - and I also think they are doing more than what they said they are doing. For instance, keep pumping like they are doing also will lower the cost of acquiring oil producing assets around the world, which I think they will do.
Distressed fracking assets will be on sale cheap before too long, for example.
It's pointless outside of North America, because governments can and will change the terms at whim. For instance, Saudi Arabia forced Aramco (Arabian American Oil Company, then owned by Socal and Texaco) to hand over 50% of its profits, then gradually nationalized it. For antitrust reasons, I expect the US to block acquisitions of US oil assets by OPEC members.