earlywarn: US Oil Rig Boom Leveling Off?
OCTOBER 17, 2012
The above shows the weekly Baker Hughes count of oil rigs drilling in the United States. This number has been in a near-vertical climb ever since the beginning of the economic recovery in 2009. However, in the last few months there are signs of it leveling off
The sevenfold increase in rigs since the mid 2000s has so far produced about a 20% increase in oil production
http://earlywarn.blogspot.com/2012/10/us-oil-rig-boom-leveling-off.html#more
The above shows the weekly Baker Hughes count of oil rigs drilling in the United States. This number has been in a near-vertical climb ever since the beginning of the economic recovery in 2009. However, in the last few months there are signs of it leveling off
The sevenfold increase in rigs since the mid 2000s has so far produced about a 20% increase in oil production
http://earlywarn.blogspot.com/2012/10/us-oil-rig-boom-leveling-off.html#more