RE:RE:OBE the only stock moving today in the oil patch The World needs every drop the US can produce.
As for higher prices leading to sudden surges that kill the price, remember how long oil was at or above $100 barrel last time. It crossed $100 around Sept 2010, and was in that range until about June 2014. That was almost 4 years before the higher price was able to generate enough supply to overwhelm demand.
Something like that may happen this time too............maybe it will last longer than 4 years, maybe it won't. The important observation, is it takes several years, not a few months, for the cycle to peak and fall. This time, oil hasn't even got back to $100 yet.