Iran and oil11 May 2018 07:40
From todays FT. Shame production rates here are so low when oil prices so high.
"But logistical constraints, in particular insufficient pipeline capacity at the heart of the US shale boom in west Texas, are limiting how quickly American companies will be able to replace any lost Iranian crude exports taken off the global oil market.
The difficulties being experienced in shale country help explain why the US has talked to large oil producers abroad about ways to increase supply and offset any impact from its exit from the Iran nuclear deal. The talks were revealed by Steven Mnuchin, Treasury secretary, hours after Mr Trump�s announcement on Tuesday."