Gingrich Right on Gas Prices, Economy

Yahoo ^ | February 29, 2012 | Radell Smith

[thackney]

Sorry, I hit send before I finished editing

Keep in mind with the linked chart, that the slow down was

the slow down started before the drill rigs started to idle. Projects were put on hold, equipment orders were canceled, engineering/design laid off. Rigs at that point were on extended contracts to keep from loosing them. Mid 2008 it was getting tough to get a rig for just a couple holes. Companies had to make longer commitments.

[OHelix]

I’m afraid I wasn’t able to find the graph at your link.

I also associate that time (Katrina) with the first time I ever paid over $2.00/gal for gas. I remember soon afterwards all of the gas stations around here had to get new billboards because the “1” in the dollar’s place was permanent, and they weren’t able to change it like the other digits.

[thackney]

I’m afraid I wasn’t able to find the graph at your link.

- - - - -

Hmmm, would not work on my phone either, back to the PC and it shows again.

Try http://wtrg.com/rigs_graphs/ and select “rigus.gif”

Or go to their home page (they have lots of useful related info) http://wtrg.com/

Top right, beside the moving pump jack, select “Rig Count”, this should take you to: http://wtrg.com/rotaryrigs.html

Scroll down for multiple graphs relating price to rig counts.

Note: this is a great site to put perspective of oil price to other related events. Roam around under the history section.

[OHelix]

I think they have it set to redirect you to a 404 page if the referrer is not their own site... once you have it in your computer’s cache, you will appear to be able to “link to it” successfully from that computer.