U.S. rigcountYesterday Bloomberg reported that U.S. oil drillers have idled the most rigs since 2012 as prices slid below $55." We should see the rig count going down at least through the end of the first quarter as a reaction to the low prices "said James Williams, an economist at WRTG Economics an energy-research firm in London, Arkansas." By midyear, we should see measurable impacts on production."