The frackers have stopped drilling new wells, but the way fracking works actually lends itself to this. They are not long term wells like you typically see, but more of a burst and drill again. When the prices go up, they will put the equipment back in the field.

Now would be a good time to schedule some of those infrastructure projects that need truckers, welders, and such.

Yes, that's my counter-point. Depending fully on oil has many negative repercussions for any country. Unlike private entities in the USA, you can't just downsize a country to maintain profits.