Key background on how Permian reserves have been over-estimated
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There is no reason to believe that rig counts will rise in the near term.
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Is this a BIG YAY, or a small yay? Seems like at least a small yay.
Good in the sense that reduced production will lead to marginally lower emissions, but bad in terms of price at the pump.
Late stage capitalists and anti-science wingnuts are going to whip their brainless sheep into a froth