Unfortunately, right now it seems that there is incentive out there for oil to "go missing" for a profit -- presumably at the cost of the environment. I'm curious if anyone is thinking about trying to replace their fracking fluid with oil for a while...
Why don't the producers turn down the output? Does it cost more money to produce less? Is it mutually assured destruction? A game of chicken? This is so weird.
I heard on NPR yesterday that oil producers are concerned that output will be dampened by "turning down the output" because it can make flow rates lower when they reopen.
