The interesting statitics in this report are the number of rigs for oil and the number for natural gas. Oil is down while gas is up. But I will bet you will start hearing that we are drilling more and so the Republicans cannot claim foul.
Also notice the ratio between the oil and the gas rigs, 375 to 1530 or about one oil to every four gas. Although I am glad for the gas rigs since I get royalties from one of the companies pumping gas, I still would like to have more oil->gasoline.
Boone Pickens was interviewed last week by Neil Cavuto. At 80 something he is sharp as a tack, very laid back and confident. He said that gas was going to be the solution to our problems and was the way for people to make money on investment in the market.
I had a bad bias against him, but his forthright no hold barred interview changed my mind.
This week in Forbes, he has a big article about his brain scan. He is an old guy and sharp. This didn't go unnoticed by the folks studying brain function in old people. They gave him a brain scan made while making him think. He came out better than most his age indicating he still uses all he has.