I find it odd that nobody seems to mention how hard this has hit Russia...how much it impacts their oil-driven economy.
But it is good for everyone's war machine, so bullish for war.
As for non-OPEC producers though, this impact can only be temporary...wells can be capped and jobs re-hired. Unless OPEC is willing to push the glut until their reserves run dry it has to end sometime...and seeing them flounder in the desert to die when the black gold runs out isn't exactly a disincentive to dare them to keep it up, is it?