The Permian Basin helps to dampen the effects of geopolitical and domestic impacts affecting the oil market. For the oil market, the Permian Basin acts like a shock absorber. That is a key takeaway from a new report from Austin, Texas-based oil and gas software-as-a-service (SaaS) and data analytics firm Enervus. The report examines geopolitical and domestic impacts affecting the oil, natural gas, and natural gas liquids (NGL) markets. “Global incidents like the attack on Saudi oil facilities that used to send lasting ripples across the world and disproportionately harm the United States are now being dismissed,” Bernadette Johnson, vice president of strategic analytics at Enervus, said in a written statement emailed to Rigzone. “What used to trigger a major buy or sell in crude oil, or cause prices at the pump to skyrocket, are being shrugged off by the markets in a day.” Johnson pointed out that markets […]