US Oil Rigs Steady While Canada Rigs Grow Baker Hughes Shows

#10502
Assistanc3
Participant

I always thought it was interesting that people would only post data on U.S. rig counts when Baker Hughes also provided Canadian rig counts. Now I could understand neglecting Canada rig counts if Canada hogged all the gas and oil but where does it go? Canadian oil and gas primarily goes to the USA.

So if Canadian oil goes to the USA and people are only focused on the U.S. rig counts, I think that is silly, specially if one trades the oil and gas markets on speculation from BH data.

Also, what I like seeing added by the TC report is the shale basins image
Not everyone knows where all the oil is and different states have different rules, needs and laws regarding oil and gas production. So its nice to but a name with a location.