I suspect when it rockets it will go much higher than it was before. The Saudi's arent doing this out of the kindness of thier heart. They are doing it to bust the competition so they have a monopoly and can charge us what they want and thus rake in massive profits over the next 50 years to help them develop a future for when the oil runs out.
Otherwise they know if the oil and money runs out together, they will go back to being an irrelevant poor muslim country that nobody in the world stage gives a shit about.....