I recall experience was intended as a mechanic to encourage active playing and make botting harder. However, at the moment it's irrelevant. I receive more experience points than I'd ever use even if I autostudied mirkwoods 24/7, and so do my claim management alts, who are online about 45 seconds per week.
Is removing experience the solution? I don't think so. My suggestion is that experience be made more meaningful, to the point that an active player shouldn't be able to study more than 6 mirkwoods a day. I don't know if that means reworking the lore popup formula or just nerfing them to 1/10 of their current values, but I think that in principle it's a good mechanic and it would be a shame if your chose to just remove it.