Increase in US rig count will not cap oil prices
Green Car Congress
JUNE 23, 2016
The geological and commercial differences between the two couldn’t be more glaring. The following chart shows the figures for the past 19 months since it peaked in October of 2014 at 1,609 and hit the lowest level in years at only 316 in late May, merely 20% of the high water number. Every forecast must carry these caveats.
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