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…
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