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US Oil Rig Count Rises For 23rd Straight Week But High Costs Drive Investors Out Of The Permian

US Oil Rig Count Rises For 23rd Straight Week But High Costs Drive Investors Out Of The Permian

The number of oil rigs in America has now risen for 23 straight weeks (and 50 of the last 52 weeks), up 11 to 758 in the last week - the highest since April 2015.

"It’s becoming bearish mania," said Phil Flynn, senior market analyst at Price Futures Group Inc. in Chicago. "If we keep going down, we’re not going to be adding rigs in a few months, we’re not going to be adding production"

And we suspect, given the lagged reaction to prices, that inflection point in rig counts is close...

 

The Passing Of The Pelosi Era

Authored by Patrick Buchanan via Buchanan.org,

In the first round of the special election for the House seat in Georgia’s Sixth District, 30-year-old Jon Ossoff swept 48 percent. He more than doubled the vote of his closest GOP rival, Karen Handel.

A Peach State pickup for the Democrats and a huge humiliation for President Trump seemed at hand.

But in Tuesday’s final round, Ossoff, after the most costly House race in history, got 48 percent again, and lost. If Democratic donors are grabbing pitchforks, who can blame them?

Delaware Professor Says "Rich, White, Clueless, Male" Warmbier "Got Exactly What He Deserved"

Delaware Professor Says "Rich, White, Clueless, Male" Warmbier "Got Exactly What He Deserved"

Authored by Shannon Spada via CampusReform.org,

University of Delaware professor claimed Wednesday that Otto Warmbier was typical of “rich, white, clueless males” and “got exactly what he deserved” at the hands of the North Koreans.

Katherine Dettwyler, an anthropology professor at UDel, expressed her feelings on the death of Warmbier in the comments section of an article published by National Review, as well as on her personal Facebook page.

Smoking Gun Proof that Russia Hacked the Entire World

As shown below, the allegations that Russia has been hacking the entire world have been thoroughly vetted and verified.

Germany

Germany’s intelligence agency accused Russia of deploying cyberattacks to destabilize the government!

(But German intelligence agencies later found no evidence of Russian interference.)

And last December, German security officials said that Russia hacked secret German communications and provided them to Wikileaks (English translation).

Trump Explains Why He Bluffed On 'Comey Tapes'; Blasts Mueller's Hiring Of "Clinton Supporters"

After weeks without a live interview, President Trump, much to the dismay of the left-leaning MSM, appeared on Fox & Friends this morning with Melania.  The interview will undoubtedly be described throughout the day as a 'softball' piece but it did at least result in some new insights, maybe.

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