VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[kamakiri]

LOL.I don't care how it's spelled.There are many ways to interpret the meaning of rig counts. My opinion is that if rig counts don't go up, there will be an incredibly huge spike in crude prices at some point in the future. The current rig count is not enough to maintain current US production, IMO.

The Year over Year numbers are worthless. Look at how far the numbers are down from the peaks. Look at how many rigs were used before the LTO boom. Then form your own opinions about the significance.

Hope that helps.