the saudi's surely do not like us drilling our own stuff, but they are also limited in cutting production due to their need to sell their stuff to support their own population.
Oil/energy is not going away however, given the increasing need for it worldwide, we are not the only one with a straw at the well.
Also given rates on bank deposits, those dividends start looking pretty good.
I saw a story on Fox that said that the some of the OPEC nations needed to keep oil at $80 a barrel to make their budgets.
Interesting to say the least.
