A lot of somebodies sit up and note the plunging rig countAs if the last 3 weeks of declines (60, 74, 43) were not enough, they were trumped this week by an additional drop of 90. The result? Crude futures made an impressive turn around Friday afternoon. To curtail over production, it seems both anchors have been let go and their chains smoke through the hawse-pipes. A reduction so swift and so violent as to expect the ships nose to be completely torn out of the vessel. Yeah, they mean business alright. The shorts are wise to cover. If you take this template and lay it over well completions, it is very likely a similar situation is being played out. Wells drilled will be capped instead of completed -to await higher prices. Remember, it’s the associated gas that is killing the NG market. but those anchors are out, and their chains…. why they is just a smokin.