The Saudis need to go back to the drawing board.
Normally, when oil is abundant and its price goes down, economies prosper.
Prosperity, in turn, creates the need for more oil, causing oil prices to go up again.
But the opposite of that has been occurring. China, the world’s biggest oil importer, is going through a recession, as are the U.S. and other major countries.
The Saudis need to figure out why this is happening before they too head for bankruptcy. Then they should take steps, such as lowering their oil production for awhile, to try to get the global oil situation back on an even keel.
Then they can start trying to destroy other nations’ oil industries once again if they so desire. If they continue to stand around doing nothing, they’re more doomed than the countries they’re trying to destroy.