Energy execs are letting go of wishful thinking on natural gas prices. Last week's Baker Hughes...
Monday, May 14, 2012, 12:21 PM ETEnergy execs are letting go of wishful thinking on natural gas prices. Last week's Baker Hughes (BHI) survey highlighted two records: the number of rigs pumping oil reaches 1,372 - an all-time high - and the percentage of rigs drilling for nat gas is at just above 30% - an all-time low. Gas rigs dipped below 600; some see the point where supply and demand start to balance again is 600-650.
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