Forum Discussion
Trackrig
Aug 22, 2015Explorer II
tomman58 wrote:
The Saudis used to say as long as oil was 40 bucks a barrel they were happy. With it at 100 bucks can you imagine the love fest there?
They are trying to drive the fracking bunch out of business where they can and the regroup. They have been doing well with that till lately.
As we get more and more fuel efficient cars we will not need big oil.
Per the weekly Baker Hughes report the drill rig count in the US was up again for I think the 6th week in a row for total of 884 working rigs. Not a large increase, but it's better than going down.
Bill
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