DailyMarkets.com - Charts Of The Day: Oil-Gas Drilling RIg Split Now 68-32 And Net Oil Imports Are At A 20-Year Low

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Charts Of The Day: Oil-Gas Drilling RIg Split Now 68-32 And Net Oil Imports Are At A 20-Year Low Posted: 28 Apr 2012 08:23 AM PDT Baker Hughes reported yesterday that the share of U.S. rigs drilling for oil (gas) rose (fell) to an all-time high (low) this week since the oilfield service company starting keeping records back in 1987 (see top chart above, data here).  For the week ending April 27, the oil/gas split was 68.5% to 31.5%.  The pattern displayed in the chart of switching from drilling for gas to drilling for oil started about three years ago, and follows the pattern of rising oil prices and falling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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