RE:Baker Hughes Oil Rig Countsmallcaptdr wrote: More and more companies are drilling for Oil and NG and the total Rig counts keep increasing,, sooner or later there'll be more Oil and NG production. Oil tightness will become a thing of the past. https://tradingeconomics.com/united-states/crude-oil-rigs Crude Oil Rigs Total Rigs
Here you are with your narrative again. Rig counts are up from 3 months ago. Oohhh. Scary. Oil's gonna collapse. How about looking at a 3 year chart or a 5 chart instead of a 3 month? How about you do that? I dare you to post it.
while you are looking into 3 year charts, do some DD on tier 1 acreage and decline rates on shale. See if you can tie in the data to your narrative