Not exactly. We’re in the situation of having so much seed corn we’re hampering the effort to grow more. Why grow more seed corn when your storage is over flowing?
The huge over supply of natural gas and the consequent low price have stopped drilling in some areas. Many are only drilling wells in areas where the wet gases that accompany natural gas such as propane, butane, ethane and pentane is sufficient to be profitable because the natural gas price is too low to be worth while drilling.
But if left in the ground is security in the future. You don’t have to spend it RIGHT NOW.
We can get it later when we it’s likely more valuable , or we can use it to fund or fuel (literally) future capital improvements.
If we are just converting energy into more fiat currency, what good is that doing us in the long run?