[trumandogz]

As of this week 52% of the rigs in operation in the world are drilling in the US.

Could we be drilling more?

Yes.

Is it a complete falsehood to state that we cannot drill in the USA?

Yes.

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

[mazda77]

You might want to explain what the word “we” is in your statement. Of those 52%, how many are US owned and operated companies. Better yet, why do “we” have to supply the rest of the world?

52% are drilling or pumping? Then if they are pumping, then how much of the current production around the world is being pumped by those 52%? Oh boy, numbers games!

[LibLieSlayer]

MY living on the Gulf Coast all of my life and my family being in oil for most of my life and seeing that most of the companies I knew growing up are gone now and the oil service industry is all but dead because there is very little drilling and production going on... my experience trumps your little linky pal. America is not drilling off the east coast in new finds... they are not drilling any deep waters in the Gulf (oh that one little permit for an existing platform) or even very many shallow water wells in Missisippi, Louisana or Texas... and they are not drilling off the coast of California or in Anwar... this is where the oil is and your premise ignores those facts.

LLS

[RoadGumby]

And I would bet, since we only produce 5M barrels, those many rigs are on low producing wells.