{"id":25106,"date":"2017-09-01T12:29:36","date_gmt":"2017-09-01T17:29:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25106"},"modified":"2017-09-01T12:29:36","modified_gmt":"2017-09-01T17:29:36","slug":"us-crude-production-stalls-as-oil-rig-count-rolls-over","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25106","title":{"rendered":"US Crude Production Stalls As Oil Rig Count Rolls Over"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-09-01\/us-crude-production-stalls-oil-rig-count-rolls-over\">US Crude Production Stalls As Oil Rig Count Rolls Over<\/a><\/h3>\n<section class=\"messages-holder\"><\/section>\n<section class=\"node node-type-story node-full node-nid-602737 ads-injected\">\n<div class=\"sub-title-box\"><\/div>\n<div class=\"content\">\n<p>Amid the chaos and turmoil caused by Harvey, today&#8217;s rig count data is likely to change things as much as a fart in a hurricane. US crude <strong>production in the Lower 48 actually fell last week, syncing with the stabilization in the lagged oil rig count<\/strong>.<\/p>\n<p><strong>The US Oil Rig count held to two-month lows last week, unchanged at 759<\/strong>&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/31\/20170901_rig12.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/31\/20170901_rig12_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p><strong>US Crude production in the Lower 48 dropped last week<\/strong> following a stabilization in rig counts (but rose 2k overall thanks to a pick up in Alaska)&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/26\/20170830_DOE4.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/26\/20170830_DOE4_0.jpg\" \/><\/a><\/p>\n<div id=\"ds_cpp\" class=\"ds_cpp\" data-dvp_title_trim=\"60\" data-dvp_desc_trim=\"120\" data-dvp_zindex_base=\"90\" data-dvp_mute_ad_na=\"0\" data-dvp_friendly_iframe_na=\"0\">\n<div class=\"ds_sponsorbox\"><a href=\"http:\/\/i.jsrdn.com\/i\/1.gif?r=cbdc&amp;k=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&amp;fwd=http%3A%2F%2Fdistroscale.com\" rel=\"nofollow\"><\/a>Notably RBOB prices are down today (and WTI) as\u00a0 John Kilduff, a partner at Again Capital, notes<em><strong> \u201cThe government is actually reacting positively trying to address and do what they can,&#8230; <\/strong>There are some signs of life in several of the refineries already and the 1 million-barrel tapping of the SPR is also helping to ease anxieties over the storm\u201d<\/em><\/div>\n<\/div>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/31\/20170901_rig1.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2017\/08\/31\/20170901_rig1_0.jpg\" alt=\"\" \/><\/a><\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>US Crude Production Stalls As Oil Rig Count Rolls Over Amid the chaos and turmoil caused by Harvey, today&#8217;s rig count data is likely to change things as much as a fart in a hurricane. US crude production in the Lower 48 actually fell last week, syncing with the stabilization in the lagged oil rig [&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":[185,595,827,3450,4318],"class_list":["post-25106","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil-production","tag-oil-production","tag-united-states","tag-us-oil-rig-count","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25106","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=25106"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25106\/revisions"}],"predecessor-version":[{"id":25107,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25106\/revisions\/25107"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}