More Hype From Mainstream Media -- December 31, 2014; Active Rigs In North Dakota Break 170 -- Going Down; Now At 169

Active rigs:

	12/31/2014	12/31/2013	12/31/2012	12/31/2011	12/31/2010
Active Rigs	169	187	183	197	156

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Graphs and Headlines

A reader spotted this.

Look at this graph:

Now, look at the headline at the link.

In case the link breaks, or the story is archived, here's the headline:

US Oil Rigs Are Shutting Down Like Crazy

And here's the narrative: "Here is the chart for US rig use, which now shows a noticeable drawdown over the last month, even on a 14-year time scale."

Really?

One of the comments:

LOL. This is sensationalism at its best. I work in the oil field and most of the rig shutdowns this time of year are end-of-contract affairs and rig maintenance. It does this every year. I personally know of 3 rigs on this list that are going back to their maintenance facilities to get fitted for skidding packages. This allows the rigs to move themselves from hole to hole on a pad rather than having to be torn down and reassembled just to move over 15 feet. Please review facts before writing this #$%$.