I disagree. I think they are very long term sighted; probably more than anyone else.
I see their actions as determining where the price of oil can remain without a continued loss of their market share. If the stable price of oil is $60, they will work at that price.
At $100 dollars, the world confirmed that was enough for private industry to significantly grow production outside of OPEC. Good for us, bad for them, in the long run.
When has the price of oil been stable?