Good analysis Nicholas, And things like a ramped up electric car production, with Tesla tooling up to produce half a million units a year by 2020 and at very affordable prices.

And set to create massive world beating lithium battery production.

And given we may all be driving something electric inside two short decades, no more time for producers to sit on their reserves waiting for price rises that will, as you deduce be very short lived and even terminal if that's the only game in town.

For the oil producers with foresight and vision, it's time to gather ye rosebuds while ye may! Remembering the first rule of business is, any profit is good profit!

And for the Saudis, it has meant cutting out the profit demanding middleman!

And following that live or die pragmatic example, will allow various shale oil consortiums to also refine their raw product and build profitability via cooperative endevour!? And regardless of the price of the raw product! I mean, a Gold Coast engineer was offering to build truckable modular refineries for home on the farm use, and at just $15,000.00 a unit! and suited to refining vegetable oil, so and given the same basic process is involved, able to refine similar shale oil or naphtha?

And then as producers of refined and ready to use diesel or power kero, be able to thumb their collective noses at the, do nothing to add value, paper shuffling oil buying business barons, who collectively have been the only ones making a killing?

And it wouldn't make a pleasant change to see them being the only ones getting their useless fat fingers burned, via huge and unsold stocks, that have to be moved even if that means taking a haircut?

Time for a progressive change, now today!

Live or die? Get real shale oil producers, you decide
. And if the only option is to cut the losses and move on, you can alway invest your money in lithium or equally important cobalt mines?

We've some in our west.
Rhrosty.