USA Oil poructionToday they released USA monthly oil production which is more accurate than the weeklys.
So August is 13.012m per day and sept is 13.236
Just wild. USA companies are doing the right thing, any time oil is over 75 the permain should always hum at 300 plus rigs.
USA drilling should actually pick up again as the more OPEC looks on its last legs with cuts, the more reason to drill right now and take advantage of oil prices espcially is the oil well can pay back in under 6 months.
Now is the time to drll oil wells. Once a well is paid off...the break even oil price down to 28 bucks alot of the time.
I expect increased USA rig counts.