Funny part about SA not cutting production in an attempt to bankrupt primarily the bakken basin is that shale oil is not going anywhere. it's still there, while some frackers may go bankrupt or curb production due to low prices, the o&g is still there to get.
we're becoming energy independent and there ain't jackshit opec can do about that.
PS, fracking is about to get A LOT cheaper too:
Energy Recovery Announces Launch of VorTeq for Hydraulic Fracturing Industry | Energy Recovery Inc