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Drill Baby Drill!

By: Barb Zearley / Posted on: September 6, 2018

Oil well drilling in the United States has increased dramatically in the last five years. The increase in drilling activity has had a direct impact on petroleum pricing. Rig counts are an indicator for the potential supply picture of the oil and gas industry. A sharp increase in the number of drilling rigs domestically, would potentially affect the direction of product prices. The industry tends to speculate the greater number of active drilling rigs, the lower the price.   

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