Baker Hugh’s Rig CountHave you ever noticed that when the rig counts are up, it's announced everywhere but when they are down like this week, crickets. The rig counts were down 1 in the US and down 25 in Canada. Both rig counts are roughly half of this time last year. Rumours of new drilling to bring crude prices down have been greatly exaggerated. There is no rush to drill up reserves as so many analysts predicted.