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U.S. Rigs Are Being Idled, but the Oil Boom Is Not Ending

 Texas oil rig

For anyone who buys gas, or even just cares about the economy, this is very interesting but not well publicized.

Don’t read this article, US Rigs are Being Idled, But the Oil Boom is Not Ending, unless you have 10 minutes to slowly read it and comprehend what it is saying. Very interesting statistics on U.S. rigs – fewer wells, higher production….Were talking about the US of A!!!

Very nice to see. Long term…very good for the overall price of oil……assuming you want it to be low…which I do.

 

Stay tuned for our next PeopleSoft post on Tuesday, February 24th.

In the meantime, please be sure to contact Larry Zagata with any questions. MIPRO is your go-to contact for anything PeopleSoft.

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