Friday's Fun Energy Fact: An Unbreakable Oil Industry Narrative Goes Bust

The Baker Hughes weekly US count of active drilling rigs stands at 499 for the second stright week. Historically, that is a number that in the past meant the industry was in the middle of a bust.

But last month, the US also set a new oil production record.

Fact: Only three times since 1975 has the domestic rig count seen levels as low as today:

April, 1…