Oil-Drilling Boom Under Way

The Wall Street Jouranl via YahooFinance ^ | February 10, 2011 | Ryan Dezember and Matt Day

[epithermal]

Interesting that the numbers only refer to rigs drilling for oil (818), while there are a total of 1739 including gas rigs, which is still off the peak of over 2000 rigs in 2008. The sad part is if you look at the number of offshore rigs it has been dropping steadily for the last ten years. That is where the giant fields are left in the US.

Lots of good graphs here:

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

[SunkenCiv]

Thanks NRG1973.

• New drilling method opens vast oil fields in US
• Conoco, Marathon to close gas liquefaction plant in Kenai (Alaska)
• Shades of 2010! Crist, Sink to push oil-drilling amendment (2 Losers Together)
• ConocoPhillips, Marathon plan to close Alaska LNG plant
• Shale Gas: Global game changer (and why some will block it)

fear, uncertainty, doubt being sown:

• Saudi Arabia denies rumors of king's death as oil prices rise
• Saudia Arabia's King Abdullah passed away (after arguing with Obama)
• There's An Unconfirmed Report Going Around That Saudi King Abdullah Has Died