Electricity can go negative because some modes of production are slow and difficult to turn off, so they keep producing and we need somewhere to dump the energy.

It doesn't help that unlike oil electricity is produced in a just in time fashion, we produce it the same second we want to use it, not days or months before hand. I.e. there is nearly no buffer capacity in the supply chain.

Does the same apply to oil? Can we not just turn the pumps off and leave it in the ground with what basically amounts to flipping a switch?