Real shame for many of these countries. Saudi taking them to the...

Real shame for many of these countries. Saudi taking them to the cleaners, signalling the complete collapse of their countries (save getting bailed out), but in real terms Angola, Venezuela, Libya. Nigeria is diversified/large enough that is might not collapse. Output from these will collapse and we saw what a couple shut downs in Nigeria and Libya (along with Canada) did to oil; it essentially evaporated the global production surplus for a few weeks.

Which will put pressure on production in other, more stable parts of the world. (aka good news for MRM).