{"id":23496,"date":"2017-04-07T12:16:30","date_gmt":"2017-04-07T17:16:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23496"},"modified":"2017-04-07T12:16:30","modified_gmt":"2017-04-07T17:16:30","slug":"oil-rigs-rise-for-12-straight-weeks-threaten-oil-price-recovery","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23496","title":{"rendered":"Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-04-07\/oil-rigs-rise-12-straight-weeks-threaten-oil-price-recovery\">Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery<\/a><\/h3>\n<section class=\"node node-type-story node-full node-nid-592572 ads-injected\">\n<div class=\"content\">\n<p>For the 12th week in a row, the number of US oil rigs rose (up another 10 to 672 &#8211; the highest since September 2015). US Crude production continues to track the lagged rig count, pouring more cold water on OPEC&#8217;s production cut party.<\/p>\n<p>The rig count grows, tracking the lagged oil price in a self-defeating cycle.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2017\/03\/27\/2017-04-07_11-02-03%20bh.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2017\/03\/27\/2017-04-07_11-02-03%20bh_0.jpg\" width=\"500\" height=\"252\" \/><\/a><\/p>\n<p>And crude production appears to have plenty more room to run.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2017\/03\/27\/2017-04-07_11-04-22%20bh%20production.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user5\/imageroot\/2017\/03\/27\/2017-04-07_11-04-22%20bh%20production_0.jpg\" width=\"500\" height=\"225\" \/><\/a><\/p>\n<\/div>\n<div class=\"node-links\"><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Oil Rigs Rise For 12 Straight Weeks; Threaten Oil Price Recovery For the 12th week in a row, the number of US oil rigs rose (up another 10 to 672 &#8211; the highest since September 2015). US Crude production continues to track the lagged rig count, pouring more cold water on OPEC&#8217;s production cut party. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[592,595,945,600,4318],"class_list":["post-23496","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price","tag-oil-production","tag-oil-rigs","tag-opec","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23496"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23496\/revisions"}],"predecessor-version":[{"id":23497,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23496\/revisions\/23497"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}