It is beneficial to expand reading horizons to current affairs in Saudi Arabia.  They (and Russia) are caught in the very same vise we are - low oil prices.  The Saudis' are actually targeting the fracking industry, not Alaska.  We are caught in the cross fire.  To think "this year and next" will see the market restored to the past ignores reality - the frackers are stacked and waiting and in that time frame Iran and Iraq will be much more viable players as they work off the stored capacity and bring fields back into production.  Iran is at ~ 600,000 BPD now and slowly ramping.  Up.