axsiously awaiting the drill rig dataI know this stat hsn't been the most reliable for predicting the direction of oil prices but it's getting pretty close when it will start getting closer.
if drill rigs drop contineu to drop they won't be able to replace the natural declines from high declien shale wells.
I'm predicting -10 NG rigs and maybe -15 oil rigs for a total drop of 25 more rigs
this is not good for US economy