We should have known better. Really.

[hazard]

For anybody other than the Saudis this is a good thing, wars are expensive after all so they won't profit much, if any.

Nations largely dependent on oil for substrates and fuel will feel this the most, but Europe has been making considerable strides towards becoming less dependent on oil. Those will see further investments in that sort of industry and efforts to lower transportation dependence on oil by carpooling, public transport and other programs.