From the Oil and Gas Journal comes this report on the status of US drilling activities. US drilling activity is falling. An industry analyst quoted in the article:On Jan. 22, the day before the Baker Hughes report, Paul Horsnell at Barclays Capital Inc. in London said, "The latest US rig counts seem to imply a sharp downturn in industry confidence and in the willingness to invest. US drilling
Sunday, January 25, 2009
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