I would even go as far as saying oil holders are more stubborn. Their PEs are high and one could reasonably justify calling them over valued for the little bit of froth off the top. However, the big boys can survive 20. Saudi Arabia 10... there is still time... Unlike iron ore... Our mining boom blinded our players and they made bets optimistically. Now the ACCC want to stamp out cartel like behaviour. The Chinese are scratching their heads asking why do that to your own. Attrition isn't so nice when you are next to go. At least every death makes the load lighter...
