Sunday, January 17, 2016

The Crashing US Rig Count

Enjoy the low gasoline prices while you can.

The most recent forecast from the Energy Department calls for a nearly 8% decrease in oil output in 2016 over last year, with further production declines predicted for 2017.


1 comment:

  1. Soon start betting on the price increases. I like Jim Rogers' comment, bottoms are over sold, tops are over bought.