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Nature has figured it out. (I.e.: the simplest way of storing oil is to not extract it.)
by sz4kerto 7y ago
Nature has figured it out. (I.e.: the simplest way of storing oil is to not extract it.)
- nradov 7y agoOnce an oil well is producing the operators can't necessarily just turn it off. If they do cap it that can impair future production.
- coldpie 7y ago> If they do cap it that can impair future production. Great! Let's get started.
- Maximus9000 7y agoFor some producers that's easier said than done. You can't just shut the operation down and then start it up again.
- nogabebop23 7y agoAnd there lies the rub - oil in-place is often in remote, hard-to-get areas; the margin will be made in having it ready to go when price warrants, not ready to extract