[SoFloFreeper]

The number of rigs in U.S. oil fields has more than quadrupled in the past three years to 1,272, according to the Baker Hughes rig count. Including those in natural gas fields, the United States now has more rigs at work than the entire rest of the world.

Something smells fishy. I know for darn sure that the past three years have not been friendly to domestic oil production. Maybe these increased numbers are because Bush approved their use before they went online?

[thackney]

I know for darn sure that the past three years have not been friendly to domestic oil production.

On federal land and waters, that is true. But on private land it has been going gangbusters.

Please look at these charts of number of drill rigs, types, and in which states. Texas especially is experiencing quite a boom in drilling and associated facilities.

http://files.shareholder.com/downloads/BHI/1704849332x0x543589/24F8E2FC-321A-4518-AA6A-48756C4D87F2/na_charts_021712.pdf

[dangerdoc]

“Something smells fishy. I know for darn sure that the past three years have not been friendly to domestic oil production. Maybe these increased numbers are because Bush approved their use before they went online?”

No the timing is about right. It will be the next president who has to deal with the bad decissions being made now.