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Texas Is About to Create OPEC's Worst Nightmare

  • Total U.S. production rising at fastest pace in 98 years
  • Pipeline bottleneck in Texas set to ease by end of 2019
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Oil Plunge Is Already Cutting Fuel Prices
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The map lays out OPEC’s nightmare in graphic form.

An infestation of dots, thousands of them, represent oil wells in the Permian basin of West Texas and a slice of New Mexico. In less than a decade, U.S. companies have drilled 114,000. Many of them would turn a profit even with crude prices as low as $30 a barrel.