[BwanaNdege]

Stop producing until the price rebounds.

I would not worry about the oil ‘spoiling’ if it is left in the ground a bit longer.

;-)

[deport]

At some point they’ll have to slow production or stop as
there will be no storage facilities for the liquid.

[Jewbacca]

Difficult to do. The Texas government is considering proration orders, which are partial shut downs.

The big oil, which is largely not domestic, opposes this.