April 5, 2018 – Reuters
Texas oil output surge clogs pipelines, depresses prices
By: Devika Krishna Kumar
NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.
That has depressed prices there, posing a threat to future production, while providing a boost to pipeline companies as the lines have filled to near-capacity.
With few new pipeline...