The cost of producing one barrel of shale oil is now less than $40 and it is rapidly approaching the $30 mark. This means that most of the large-scale and medium-scale frackers are operating at a profit right now. And this means bad news for the traditional oil producers, especially the OPEC members. Nations such as Venezuela, Angola and Nigeria, where the cost of production is very high, are going to get hammered. The Saudis have burnt at least $200 billion of their reserves till now. They have also reduced their funding for various terrorist organizations around the world.