US oil output is already shattering records and, fueled by dramatic growth in the Permian, is expected to exceed 11 million b/d by late this year. But hurdles, from pipeline and port constraints to refining differences, remain, Kenneth Medlock tells the Platts Capitol Crude podcast this week. Medlock, senior director at Rice University’s Baker Institute Center for Energy Studies, talks about Permian growth, export possibilities for Permian oil, breakeven prices in the shale play and future demand growth.
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