re: #120 jaunte

Yeah, The Sarah links to a flunky industry organization which simply pulls numbers out of thin air.

If you check Rigzone (to which you link) or other industry rags you can follow the number of rigs drilling here and yonder… and it becomes pretty clear even on a casual reading that the number of rigs in operation is tied to the price of oil.

Oil prices go up, more drilling. Oil prices crash - less drilling.

What The Sarah does not (probably cannot) understand is that economics rules the day - put simply, if someone thinks they can make money by drilling they will, and if not, well then, no drilling.