They aren’t killing it, it’s a threat that will always exist to keep OPEC in check. As soon as there is a buck to be made, people will be lining up to restart production.
I cannot imagine that it will be that easy.
My point wasn’t that it would be easy. A lot of people will lose a lot. My point was that the OPEC strategy is flawed. This strategy of keeping the market flooded and driving out the shale and sand producers is only a temporary result. It will cause market chaos without doubt. However, in the end, those resources are static and will always be a threat to OPEC. If OPEC thinks they can sustain 100 dollar oil again, they are mistaken.
This cycle will repeat over and over, get shorter each time, and eventually the unbeatable forces of the open market will prevail.