Don&#x27;t get used to it. The low oil prices are a result of the Saudis not reducing production and continuing full steam ahead regardless of profitability in order to drive other producers and sources such as North American fracking out of business.<p>Most mom and pop oil companies have already been bought or have gone bankrupt as they were not profitable under $50&#x2F;barrel.  Supermajors will begin to go bankrupt and survival mode at $20-25&#x2F;barrel. As soon as we see supermajors going under the Saudis will roll back their production in order skyrocket prices.  It takes AT LEAST 18-24 months to get new wells and unconventional sites online and that&#x27;s if the entire ecosystem is operational.