RE:RE:Josh now online I can help here. What you are saying is true of tight oil (shale) wells. They are harder to bring back after shut-in, and often don't produce at the levels they were shut in at.
It's not the case for the big pools of oil that OPEC countries sit on that have been drilled in the traditional fashion. Those are easy to turn off and on without any change in production after shut-in.
We can expect OPEC+ to be able to produce as much oil as they did in 2019 plus some additional capacity that they have likely added since then.
JohnnyDoe wrote:
this is not surprising at all. There was a fair bit written in the early days of the pandemic on the challenges associated with bringing shut in production back online with the basic conclusion that some shut in production may never come back online. Idk, it was 18 months ago I was reading those types of articles and I'm certainly not an engineer so I can't repeat the technical aspects of what I read but the conclusions were simple: it will be challenging to bring shut in production back and some of it won't come back ever