Johny's right, you're a drama queen. The rig count in the USA has dropped but according to one commentator the rig count isn't a factor anymore because they've shifted the fracking gear to old wells and fracking them.
11 wells shut down, pull the other one, who cares what goes on in Libya, the frackers in the USA haven't turned the spigots off nor will they, OPEC should be schiffing themselves.
I still think the oil price will move up over the next few months and the gold price will move down, the gold/oil ratio getting back to normal. I've bought oilers recently.
