{"id":4097,"date":"2015-01-05T14:40:34","date_gmt":"2015-01-05T19:40:34","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4097"},"modified":"2015-01-05T14:40:34","modified_gmt":"2015-01-05T19:40:34","slug":"us-rig-count-continues-to-plunge-to-10-month-lows","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4097","title":{"rendered":"US Rig Count Continues To Plunge To 10-Month Lows"},"content":{"rendered":"<h4 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-01-05\/us-rig-count-continues-plunge-10-month-lows\" target=\"_blank\">US Rig Count Continues To Plunge To 10-Month Lows<\/a><\/h4>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-12-23\/t-boone-pickens-rages-cnbc-i-am-expert-not-you-says-oil-down-due-weak-demand\">Just as T.Boone Pickens warned,<\/a>\u00a0watching the US Rig Count is key to comprehending the looming crisis in oil. The\u00a0<strong>last 4 weeks alone have seen a drop of over 100 rigs &#8211; the 2nd fastest slide since 2001 in percentage terms<\/strong>. This is the worst December to January since 2008\/9. As Pickens noted,\u00a0<em>&#8220;demand is down&#8221; &#8211; &#8220;lower demand is the main driver&#8221; &#8211;\u00a0<\/em><strong><em>&#8220;rig count is gonna fall &#8211; drop 500 rigs in next 6-9 months&#8221;<\/em><\/strong><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150105_rig1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150105_rig1_0.jpg\" alt=\"\" width=\"600\" height=\"395\" \/><\/a><\/p>\n<p>Note that prices diverged lower as rig counts kept going before rolling over and then crashing&#8230;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Rig Count Continues To Plunge To 10-Month Lows Just as T.Boone Pickens warned,\u00a0watching the US Rig Count is key to comprehending the looming crisis in oil. The\u00a0last 4 weeks alone have seen a drop of over 100 rigs &#8211; the 2nd fastest slide since 2001 in percentage terms. This is the worst December to [&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":[1775,2121],"class_list":["post-4097","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price-collapse","tag-oil-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4097","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=4097"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4097\/revisions"}],"predecessor-version":[{"id":4098,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4097\/revisions\/4098"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}