One view is that Saudi Arabia may be doing to revive the importance of the OPEC. That seems to be the larger agenda. In fact, in the last 15 years, the share of OPEC in the global oil market has fallen from 60% to less than 40%. That has meant that it is the US and not Saudi Arabia that is now the swing producer of oil. OPEC may still be a very diverse group of oil producers, but Saudi would at least be keen to become the swing producer once again. That would only be possible if a large number of shale companies in the US are bankrupted by keeping oil prices low for a long period of time. The US bank funds are already drying up for shale and most of the junk bonds issued by the shale companies are quoting at huge discounts. The time could be ripe for Saudi Arabia to play its part.