Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
The point was, it was nowhere near complete, despite what API propaganda would have you believe.
It still wouldn't be complete now.
I would say ONE point is that it was nowhere complete. The main point is that no self-respecting O&G company will invest in any long-term "solution" to the oil shortage as long as they believe those in charge can undo all the planning, staging, investing, and w*rk they might have already done. Again, it's the classic "Fool me once..."
If the same "forces" that said "stop" had said "what can we do to help?" It WOULD be done now.
Keep in mind that when it comes to a commodity on the knife edge of inelastic demand, simply "saying" something is almost as effective as "doing" something in changing the price. The recent Saudi announcement didn't change the actual oil available yet, but prices have spiked simply in anticipation. That's how oil and wheat and cobalt, etc. prices work. YMMV