Rig counts...... Wow.....Down another 4 rigs....Imagine where oil could be headed folks....US rig counts 1 year ago were 1592, that's only for oil rigs folks.....
Now sitting at 640 rigs....Hmmm. doesn't take a genius to figure out what will happen in the next 4-6 weeks....even though we are technically starting the shoulder season....
No way in heck will oil drop much further....Came of $38 once, off $40 once and off $44 at least 2 or 3 times.....Next stop is $48 then $50 then a comfortable $60.......