> Maybe environmental issues?
Amongst others. It's not enough to just dig a hole in the ground, you have to make sure it doesn't seep into the ground as well. In addition, you have the always present risk of fire...
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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.
@recursive, I read here that there are contractual obligations in play. Search for jofer@'s answer.