Active Rigs Down To 166 -- January 7, 2015

Wells coming off the confidential list today have been posted. Link here. Some interesting "stuff" today.

RBN Energy: ETP in the Permian and the Eagle Ford.

Active rigs:

	1/7/2015	01/07/2014	01/07/2013	01/07/2012	01/07/2011
Active Rigs	166	189	180	200	163

 

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Global Recession?

If We're Lucky

CNBC is reporting:

The specter of growth-sapping deflation finally materialized in the euro zone on Wednesday, with new data confirming that the region had entered a period of falling consumer prices.

Prices in the euro zone fell 0.2 percent year-on-year in December, marking the first time since 2009 that prices have dipped into negative territory. This is likely to add yet more pressure on the European Central Bank (ECB) to launch a U.S. Federal-Reserve-style bond-buying program.

Wednesday's flash estimate was below market expectations of a 0.1 percent fall and lower than November's 0.3 percent rise.

Deflation - when consumer prices fall instead of rise - is seen as concerning by many economists, as shoppers hold off on purchases in the hope of further price falls, which puts a brake on the broader economy. 

1929.

The story also reported that the unemployment rate in the euro zone held steady at 11.5 percent in November, the same figure for the month before.

Prognostications: a) a trillion-euro stimulus; b) Greece leaves.