Oil Well Drilling Count

Rim Lock
Profile picture for user Rim Lock
Posts
713
Joined
4/1/2008
Location
Nikiski, USA
Rim Lock
Edited Date/Time 5/11/2012 9:57am
Anyone else watching this?

http://www.iadc.org/rigcount.htm

If you are in the oil biz, it is the heart & soul of everything.

Oh yeah, gas prices kind of go up & down with it too.
|
RNagy052
Profile picture for user RNagy052
Posts
768
Joined
4/1/2008
Location
Bryceville, FL, USA
RNagy052 4/15/2008 3:49am
4/15/2008 3:49am Edited Date/Time 4/16/2016 6:37pm
Since they have more rigs this year than last year, output is increasing, right?

I just read that demand for premium gas is the lowest in 24 years, and has dropped 13% from last year. Why hasn't the price of premium dropped then?

I thought it was all about supply and demand.
blankplate 4/15/2008 6:39am
4/15/2008 6:39am
Speculative Trading
Dirty Britches 4/15/2008 9:56am
4/15/2008 9:56am
still is, they control supply and the demand is higher than it's ever been for oil as a whole. Just because premium level demand is down, oil demand is very high, keeping that price high.
RNagy052
Profile picture for user RNagy052
Posts
768
Joined
4/1/2008
Location
Bryceville, FL, USA
RNagy052 4/15/2008 10:43am
4/15/2008 10:43am
crap, forgot my internet sarcasm tag on the supply and demand thing.

The Shop

See All »
Rooster
Profile picture for user Rooster
Posts
4432
Joined
4/1/2008
Location
Edmonton, CA
Rooster 4/15/2008 11:13am
4/15/2008 11:13am
It sure would be nice to know what Cheny and the energy cartel discussed behind closed doors at the start of Bush's presidency.

Oh well, I'm sure you'll find out in 75 years or so. When they release the documents from the archives. Some things "the people" just don't need to know I guess.

Post a reply to: Oil Well Drilling Count