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Maybe offering a bit of hope for natural gas prices under pressure from unseasonably warm temps,...

Maybe offering a bit of hope for natural gas prices under pressure from unseasonably warm temps, Baker Hughes reports the number of rigs drilling for gas dropping a bit more this week to 818, down from 941 a year ago. The number of rigs drilling for oil continues to climb, now at 1,196 against 756 last year.
Comments (1)
  • todd120proof
    , contributor
    Comments (5) | Send Message
     
    Nope, not a bit of hope. As soon as prices move back up all of that potential production will come back online and flood the market more. Just another reason to sell.
    16 Dec 2011, 04:21 PM Reply Like
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