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If the price of oil gets high enough they will turn the earth into Swiss
Cheese.
chrischeatham@xxxxxxxxx wrote:
> from bondtalk.com
>
> COMMODITY TALK: The Baker Hughes U.S. rig count increased by 15 rigs
> last week to 1,213 to the highest level in 15 years, suggesting that
> drilling activity continues to rise sharply. Just two years ago, when
> the price of crude oil was mired in a slump, the rig count was just
> 488--a 60-year low. The sharp increase points to increased energy
> production in the next several years. Here is a link to data from
> Baker Hughes on rig counts going back to 1975.
>
> http://www.bakerhughes.com/investor/rig/index.htm
>
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