USD oil price---USD production costs

Someone somewhere must be really hurting economically and politically with WTI @ USD32.

It would seem that Saudi Arabia was and still is intent on destroying the US shale oil industry to prevent the US becoming self sufficient then developing into a net oil exporter.

That's fine in theory but along the way it's decimating Russia's budget, throwing countless thousands out of work and converting hundreds of expensive drilling rigs into rust buckets and as a side issue collapsing world stockmarkets and coupled with an out of control FED one has to wonder when Saudi will come to its senses and let it's domestic oil price rise.

It's worthwhile looking at the cost of production worldwide, when you do the depths of the chaos created becomes self evident, and we are seeing that day by day with the CVN share rice, which IMO is caused by nothing more sinister than the USD oil price.

Current cash price in USD of WTI is $31.91 and Brent $32.93

The two extremes in production costs appear to be Saudi @around USD6, and the US shale industry USD50.
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IN the higher bracket:

Thailand production cost around USD12.

China production cost around USD17.

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My point being: Where is the bottom, how long can those losing money hang on, and what are the consequences of mass oil industry bankruptcies bought about by international POO domination desires.