Locator: 49759B.
I have no idea whether the data presented below is accurate or not. It has not been fact-checked.
The first bullet in the graphic is incorrect.
The bullet:
- US Government is Stuffing the SPR Faster Than American Drillers Can Pump
The statement that the SPR is being filled faster than drillers can pump -- that seems internally inconsistent; how can one fill something faster than supply available. But the real problem is the verb "can." American drillers could double their American production if they wanted; if the price was "right."
Exhibit A: we are down to less than 30 active rigs in the North Dakota. During the boom, the number of active rigs trended toward 200 / day.
