The pipeline constraints in the Permian basin have become a hot topic lately, not least because of the steep discounts that oil producers in West Texas have been forced to accept. But the midstream bottlenecks might not get resolved soon, raising questions about the growth prospects of the Permian, and thus, the entire U.S. shale complex. The Permian pipelines are essentially at full capacity, which means that ongoing increases in output are forcing producers to try to find creative ways to get their oil to market, including shipping oil on trains and trucks, or consuming the oil locally. Ultimately, however, these methods might not be enough to soak up all the expected increase in supply. The constraints have not yet significantly altered oil growth forecasts, whether it be from the IEA, EIA, OPEC, or a range of private sector analyses. However, Goldman Sachs says that it sees the pipeline […]