{"id":2894,"date":"2014-12-12T15:56:42","date_gmt":"2014-12-12T20:56:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2894"},"modified":"2014-12-12T15:56:42","modified_gmt":"2014-12-12T20:56:42","slug":"us-oil-rig-count-tumbles-most-in-2-years-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2894","title":{"rendered":"US Oil Rig Count Tumbles Most In 2 Years | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-12-12\/us-rig-count-tumbles-most-21-months\">US Oil Rig Count Tumbles Most In 2 Years | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/news\/2014-12-10\/its-different-time-rig-count-edition\">We warned just a week ago that the lag between initial price declines in oil and the closure of rigs was between 4 and 6 months<\/a>\u00a0and just as we warned of the deja-vu all over again, Banker Hughes reports that the\u00a0<strong>Rig Count this week dropped the most since March 2013 (oil rigs dropped 29 to 1546 &#8211; biggest weekly drop in 2 years)<\/strong>. The biggest drop was seen in the Permian Basin (down 20 to 548).\u00a0<em>Of course, it&#8217;s being ignored for now, just as it was in 2008&#8230;<\/em><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Worst weekly drop in rig count since March 2013&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141212_rig.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141212_rig_0.jpg\" alt=\"\" width=\"600\" height=\"300\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">With Oil Rigs down 3rd most in 5 years&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141212_rig1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/12\/20141212_rig1_0.jpg\" alt=\"\" width=\"600\" height=\"305\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">And as a reminder, what happened last time&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!-- [if gte mso 9]><xml>\n <w:WordDocument>\n  <w:Zoom>0<\/w:Zoom>\n  <w:DisplayHorizontalDrawingGridEvery>0<\/w:DisplayHorizontalDrawingGridEvery>\n  <w:DisplayVerticalDrawingGridEvery>0<\/w:DisplayVerticalDrawingGridEvery>\n  <w:UseMarginsForDrawingGridOrigin\/>\n <\/w:WordDocument>\n<\/xml><![endif]--> <!--StartFragment--><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size: 13.0pt; font-family: LucidaGrande; color: #282828;\">&#8230;click on the above link to read the rest of the article&#8230;<\/span><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Oil Rig Count Tumbles Most In 2 Years | Zero Hedge. We warned just a week ago that the lag between initial price declines in oil and the closure of rigs was between 4 and 6 months\u00a0and just as we warned of the deja-vu all over again, Banker Hughes reports that the\u00a0Rig Count this [&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":[1775,1644,723],"class_list":["post-2894","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price-collapse","tag-rig-count","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2894","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=2894"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2894\/revisions"}],"predecessor-version":[{"id":2895,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2894\/revisions\/2895"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}