Not all, I suppose. But I have always heard that $100 a barrel is the price where they start unplugging all the capped wells in the United States. Apparently, we still have quite a bit of oil in this country. Like most things, it's just cheaper getting it from overseas.
And, of course, it lets us save our oil in the case of future need.
On a more negative note, expect to see an uptick in unemployment. When they cap the wells, they also lay off employees.