The Saudis can still make money at 20$/ barrel oil. Oil is just a commodity, so the decline in oil consumption will be a gradual process, not a step function.

The Saudis can still make money at 20$/ barrel oil. Oil is just a commodity, so the decline in oil consumption will be a gradual process, not a step function. W.r.t. power production in good solar areas, modern transmission tech can send power 1k miles w/less than 1% loss. Those regions will likely export power, not import people.