Why The World Is Still Pumping So Much Oil Even As Demand Drops Away

Miscellaneous
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Great article from NPR on why the world is still pumping so much oil even as demand plummets.

https://www.npr.org/2020/04/22/839851865/why-the-world-is-still-pumping-so-much-oil-even-as-demand-drops-away

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Thanks for sharing! I was also talking to a petroleum engineer friend of mine and he said that when some of these shale wells are shut in, they never come back on-line with the same rate of production. Something about the pressure they need to produce oil dropping during the time they are shut in.

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Thanks for this article that helped me understand the process of “Shutting In.” Just wondering if a well can be slowed in pumping without actually shutting in or shutting completely down?

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