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A comment on Oil plunges below zero for first time with May contract ending. Parent comment

Re:Oil plunges below zero for first time with May contract e... by sz4kerto on Monday April 20, 2020 @10:34AM (#22924110)
Nature has figured it out. (I.e.: the simplest way of storing oil is to not extract it.)
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Re:Oil plunges below zero for first time with May contract e... by nradov on Monday April 20, 2020 @10:42AM (#22924199)
Once an oil well is producing the operators can't necessarily just turn it off. If they do cap it that can impair future production.
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Re:Oil plunges below zero for first time with May contract e... by coldpie on Monday April 20, 2020 @10:59AM (#22924371)
> If they do cap it that can impair future production.

Great! Let's get started.

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Re:Oil plunges below zero for first time with May contract e... by nogabebop23 on Monday April 20, 2020 @10:49AM (#22924259)
And 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
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Re:Oil plunges below zero for first time with May contract e... by Maximus9000 on Monday April 20, 2020 @10:43AM (#22924207)
For some producers that's easier said than done. You can't just shut the operation down and then start it up again.
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