I'm not convinced that the Saudis will tighten the screws on their production quickly to bump the price up rapidly; they need to crush alternate suppliers so that the competition can't get back up off the mat and generate a repeat of oversupply/take market share off the Saudis. They need to kill competitors for at least several quarters to nail non-conventionals to the wall. Any sooner, and the competitors will stay alive and re-open their taps as soon as they can to stay alive.
Alternately, the Saudis might tighten the screws, pop the price back up, and then open the spigot again to trigger another price crash. They will want to make competitors gun-shy of investing in expensive (non-conventional) oil sources.
I would.
Oil up over $50, page-17
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