I would think this is Russia planning for the worst. But if this plays out US and Canada oil industry is toast.
Russia plans $40 a barrel oil for next seven years as Saudi showdown intensifies
"Russia is battening down the hatches for a Biblical collapse in oil revenues, warning that crude prices could stay as low as $40 a barrel for another seven years.
Maxim Oreshkin, the deputy finance minister, said the country is drawing up plans based on a price band fluctuating between $40 to $60 as far out as 2022, a scenario that would have devastating implications for Opec.
It would also spell disaster for the North Sea producers, Brazil’s off-shore projects, and heavily indebted Western producers. “We will live in a different reality,” he told a breakfast forum hosted by Russian newspaper Vedomosti."
http://www.telegraph.co.uk/finance/econo...pec-saudi-arabia-bluff-40-oil-price.html