Replies to post #149 on Baker Hughes Inc. (BHI)

[Timothy Smith]

$BHI The number of oil rigs in use in the U.S. kept collapsing last week and the associated gas production will not stay unaffected during the remainder of 2015. Week of 8th, the number of active rigs fell by 42 to 760, the lowest weekly total since December 17, 2010. Since hitting a peak of 1,609 back in October 2014, the number of US oil rigs in use is down by about 53%.