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Fracking’s Secret Problem – Oil Wells Aren’t Producing as Much as Forecast

Data analysis reveals thousands of locations are yielding less than their owners projected to investors; ‘illusory picture’ of prospects.

Thousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors, raising questions about the strength and profitability of the fracking boom that turned the U.S. into an oil superpower.

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Mexico Offensive Against Fuel Theft Leads to Reduced Use of Pipelines

An offensive by Mexico’s new government against fuel theft at one of the country’s main refineries has led to days of shortages at gas stations in several central states, as authorities move more fuel by tankers and less by vulnerable pipelines.

A Reuters witness said many gas stations in the city of Guadalajara in Jalisco state were closed Sunday, including those operated by state oil firm Pemex, Spain’s Repsol and BP. There were long lines of motorists at those that were operating.

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