Just keeping in the ground is storage. They pump the minimum to stay out of the actual red receive tax credits that help keep them out of the actual red.  Insist o more tax credits so when the price goes up again they make a hell of a lot more. Its time to  tax them with incentives to produce more. 50% tax for every barrel pulled under 500,000 a day. 40% for everything between 5 & 700,000 thousand a day and a 10% tax for all of it over 702,000 barrels a day. NO TAX CREDITS.