US rigs drop 15 down to 555THere are some smart producers out there. No need to waste money and drill if the price of oil is manipulated through SPR injections. Couple of years ago I did my calculations and came up with number of 540 rigs what was required to make sure oil production in US is not falling. Everything above 540 was to increase the production. I am not sure how that number may have changed due to better technology or other factors but assuming the number is still correct if the number of rigs drops another 20 we won't see any growth in 2024 from the US.