Low Prices Cure Low PricesYesterday at a Goldman energy conference, Helmerich and Payne, the giant contract rig company announced that it planned to idle up to 50 rigs over the next month. That's on top of the 11 rigs they have already mothballed, meaning that in just a few weeks, its shale drilling activity will be reduced by about 20%. Drilling is slowing down and will eventually lead to lower production and higher prices. Once the changing conditions ripple through the market prices will likely start to rise even within the next six months industry analysts say. ( Taken from today's New York Times). GLTA