In my view fracking can shut down due to low prices, and it can start right up again when prices go up.
It’s a technology that is well proven, and will be employed whenever the financials are adequate.
At some point the Saudis are going to be left selling to China, that friendly country with Mafia business practices and 1.5b expendable people to enforce them.
It won’t be fun to be a raghead over the next decade I believe.
Saudi Arabia started using hydraulic fracturing themselves a few years ago.