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Lord of Deeds, your post has great merit but the full diplomatic and green issues will not kick in until the price is reduced fro a considerable time.

So far everything is looking at this as a market trough, which will in time end and normalize itself. This discourages most policymaking based on the lower oil price.

The most we will see is a clamour for cheaper oil by consumers and some grandstanding by politicians who want to be seen to support consumer issues. In actuality nothing has changed.

As for the oil companies, and more importantly their shareholders. They will make knee jerk changes to keep dividends high, but that is to be expected. they offer no reliability beyond this and their methods of maintaining dividend levels do not matter in the global perspective.

If this last another six months then the changes will kick in, but even the embargo of 74 was over fairly quickly. Saudi Arabia is subject to numerous pressures, if the heat gets too much effected parties can end this through external means.