Then there would be no revenue & no jobs, as opposed to some revenue & a decent amount of jobs.

Plus, IIRC, a full-stop like that would take a large amount of time & re-investment to start back up again from a cold-start.

The fact that people arn't cutting down & arn't capping anything is part of the problem though, as nobody, from Russia, to Iran, to Saudi Arabia, are willing to do it, and then you have OPEC being basically paralyzed by in-fighting & the United States still managing to hang-in there just enough to keep prices down somehow. But once they go up, so do more Shale fields, pushing prices done again.

So it's kinda like...a race-to-the-bottom...with everybody producing more to compensate for making less, and shale oil creating like a glass ceiling everytime it looks like oil might go up.

For the first time in awhile we're seeing a actual free-market in oil. The only way to fix that is to get the Russians, Iranians & Saudi Arabians to all agree with each other, and to somehow put American shale out of business for good.

Which is a lot easier said than done, which is why most people are counting on this oil glut to last for the better part of a decade, including the Russians, who are unusually optimistic about this sort of thing.