CHART OF THE WEEK: The Collapse Of The U.S. Oil Drilling Rig Count Spells Big Trouble Ahead

U.S. Energy Independence that lasted for less than one year, is over.  With the collapse of the domestic oil drilling rig count, U.S. shale oil production will begin to fall off a cliff in the next 3-6 months.  This should also destroy the notion of a “V-Shaped” economic recovery once and for all. According to…