with oil prices this low, you'll likely see an even greater bleed off of rig count through the lower demand of the winter than normal. and drilling new rigs isn't like flipping a switch. when summer demand returns next year, there won't be the domestic supply to handle it and prices will spike.
on October 15, 2025, 9:14:05, in reply to "I was about to ask why gas went down 30 cents*"
the biggest problem is- sub $60/bbl, US companies greatly reduce workforce and the drilling of new wells.
we're down 40 rigs (~8% of total count) from this time last year and oil prices are still tanking. that's a full-on stall of the market.
https://www.aogr.com/web-exclusives/us-rig-count/2025
unless there's an actual global economic crash in Q2 of next year like some are indicating. then we won't need to worry about demand.
"the alchemy of the tartar sauce and cheese with the fish combined with the buttery steamed bun is so good." - Sounder re: a Filet O Fish168
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