Sep 14, 2009

The oil 'bubble' - details are in the numbers...

The number of rigs actively exploring for oil and natural gas in the U.S. fell by 10 this week to 999. (Via TOD)
Houston-based Baker Hughes Inc. reported Friday that 699 of the rigs were exploring for natural gas and 288 for oil.

A year ago this week, the rig count stood at 2,031.