{"id":4304,"date":"2015-01-09T14:27:15","date_gmt":"2015-01-09T19:27:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4304"},"modified":"2015-01-09T14:27:15","modified_gmt":"2015-01-09T19:27:15","slug":"us-rig-count-crashes-at-fastest-pace-since-2009-to-14-month-lows","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4304","title":{"rendered":"US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows"},"content":{"rendered":"

US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows<\/a><\/h3>\n

Just as T.Boone Pickens warned,<\/a>\u00a0US Rig Counts are plunging.\u00a0Down by 61 this week alone – the biggest weekly drop in over 5 years – at 1,750, this is now the lowest since November 2013<\/strong>\u00a0(and very close the lowest since 2010). The 10% or so plunge in the last 7 weeks is following the same trajectory as the 2008 collapse –\u00a0which led to – just as Pickens suggested – a 50% crash in rig counts…<\/strong><\/a><\/p>\n

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Pickens…<\/a>\u00a0“demand is down” – “lower demand is the main driver” – “rig count is gonna fall – drop 500 rigs in next 6-9 months”<\/em><\/strong><\/p>\n

This the first rig count drop year-over-year in a year…<\/strong><\/p>\n

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Charts: Bloomberg<\/em><\/p>\n

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US Rig Count Crashes At Fastest Pace Since 2009 To 14-Month Lows Just as T.Boone Pickens warned,\u00a0US Rig Counts are plunging.\u00a0Down by 61 this week alone – the biggest weekly drop in over 5 years – at 1,750, this is now the lowest since November 2013\u00a0(and very close the lowest since 2010). The 10% or […]<\/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":[589,1775,595,2121,596,2531],"class_list":["post-4304","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-demand","tag-oil-price-collapse","tag-oil-production","tag-oil-rig-count","tag-oil-supply","tag-us-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4304","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=4304"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4304\/revisions"}],"predecessor-version":[{"id":4305,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4304\/revisions\/4305"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}