MORE TROUBLE FOR U.S. SHALE OIL INDUSTRY: Middle East OPEC Oil Rig Count Jumps 18%

Posted by SRSrocco in Energy, Silver Members on March 18, 2015 — 3 comments

As the U.S. drilling rig count continues to plummet due to low oil prices, ironically, the opposite is taking place in the Middle East. The total number of drilling rigs in the Middle East hit a new record high in February. This spells serious trouble for the U.S. Shale Oil Industry, as the Middle East…

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