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Opinion
Javier Blas

Houston, We Have an Oil Problem: Elements by Javier Blas

A decline in drilling across the Permian Basin suggests US production forecasts are way too high.

A worker prepares to lift drills by pulley at the Big Dog Drilling Rig 22 in the Permian Basin.

A worker prepares to lift drills by pulley at the Big Dog Drilling Rig 22 in the Permian Basin.

Photographer: Brittany Sowacke

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Today’s Take: The Permian’s Pullback