The oil rig count is not important — yet

“This chart from Deutsche Bank’s Torsten Sløk shows that to date, the decline in rig count has not put a dent in production as less-efficient wells are taken offline”.

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Sourcehttp://www.businessinsider.com/oil-rig-count-is-not-important-2015-3#ixzz3VqqLXKfI

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