Iran, Venezuela, Libya: Inside the 'high wire act' facing oil markets | CNN

by Faiz Ahmed last modified 2019-05-03T08:24:57-04:00
"Higher prices will encourage US frackers to ramp up production. A $5 increase in US oil prices would translate to 300,000 barrels per day of additional US output in 2020, according to Goldman Sachs. Soaring US oil production could be further aided by the construction of new pipelines in the Permian Basin in West Texas."
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