3/19/2017 | 03/19/2016 | 03/19/2015 | 03/19/2014 | 03/19/2013 | |
---|---|---|---|---|---|
Active Rigs | 47 | 32 | 107 | 195 | 185 |
Cheap gas in Texas: down to 79 cents in Houston. Yes, you read that correctly. Not "down 79 cents," but "down TO 79 cents. Per gallon. This will spook three folks:
- the Saudis
- Tesla
- EVs in general
- IEA now says that with the OPEC cuts, there could be a 0.5 million bopd deficit sometime in the 2H17 (that's later this year)
- not counting the SPR, the US has well over 500 million bbls of stored crude oil; at record levels; and all indications that it will continue to increase
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