You need fossil fuels to get off of fossil fuels, you need regulation, the entire planet working on this, etc. Making the process LESS efficient is not going to help at any point. Let's start blowing up the equipment used to dig coal out of the ground so we can go back to doing it by hand like in the early 1900s, and let's start unscrewing the bolts in the machines at the factories, let's all quit at CAT and never build another digger...
"Buying" some small amount of barrels during a rare market anomaly, then burying them in the ground is supposed to accomplish what exactly?
Great, you buried 50,000 barrels of crude - congratulations. Now what are you going to do about the 20,000,000 barrels[1] the US will consume tomorrow? Look, oh no, your buried oil leaked into the water table!
[1] https://www.pbs.org/wgbh/americanexperience/features/pipelin....
An option was due, and the holder of the option needed to accept delivery. Because most people who trade in options don't actually want the underlying asset, it was just some trader with no interest in actually owning "oil". It's like if you had barrels of crude oil in your basement; you'd probably let someone pick it up for free too.
But likewise, if you had barrels of crude oil in your basement, then yes you could just let it sit there and never burn it. The trouble is that most people with the ability to accept delivery of industrial quantities of crude oil also want to use it. Also the price rarely dips that low, because the people extracting it do so in order to make money.
Bingo, except government and industry are so closely related now they resemble a circular human centipede, so we can’t rely on that.