Gas Price Stabilization …. Capitalism at work … Baker Hughes Rig Count

A fellow blogger from Calafia Beach Pundit, Stott Grannis put this chart our recently.

Baker Hughes US Rig Count

2-20-15 Baker Huges Rig Count

This is really amazing.

T Boone Pickens recently stated that the Rig count would fall by 50% and we would be at $100/ barrel oil by the end of 2015.

In my opinion, both of Boones statements are a bit aggressive, but there is no denying capitalism is at work.

Have a great Day!

John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225

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