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

Producers have kept pumping oil, even if they're not making money, partly because wells — once shut down — can be difficult to get back up and running. Here, a pump jack operates at Willow Springs Park in Long Beach, Calif. (Apu Gomes/AFP via Getty Images)
Producers have kept pumping oil, even if they're not making money, partly because wells — once shut down — can be difficult to get back up and running. Here, a pump jack operates at Willow Springs Park in Long Beach, Calif. (Apu Gomes/AFP via Getty Images)

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