Weekly US oil, gas rig count up by 20...

Weekly US oil, gas rig count up by 20 to 1,965

There are 1 comment on the Peninsula Clarion story from May 4, 2012, titled Weekly US oil, gas rig count up by 20 to 1,965. In it, Peninsula Clarion reports that:

The number of rigs actively exploring for oil and natural gas in the U.S. is up 20 this week to 1,965. Houston-based oilfield services company Baker Hughes Inc.

Join the discussion below, or Read more at Peninsula Clarion.

Dwight Baker

Eagle Pass, TX

#1 May 5, 2012
None Cried out in 1981 Force Majeure the crisis then was caused by the same as today Banking Beast
By Dwight Baker
[email protected]
May 5, 2012
ARTICLE
Weekly US oil, gas rig count up by 20 to 1,965
http://www.topix.com/business/oil-gas/2012/05...
EXCERPT
The rig count peaked at 4,530 in 1981
ARTICLE
A World of "Thieving Financiers": Vendor Arithmetic, Underhanded Capitalism
By Prof. John Kozy
http://www.globalresearch.ca/index.php...
EXCERPT
The Constitution is not intended to embody a particular economic theory, whether of paternalism and the organic relation of the citizen to the state or of laissez faire. It is made for people of fundamentally differing views, and the accident of our finding certain opinions natural and familiar, or novel, and even shocking, ought not to conclude our judgment upon the question whether statutes embodying them conflict with the Constitution of the United States."

Nevertheless, the Supreme Court has enshrined laissez-faire Capitalism in constitutional law for much of its history, and Justice Powell made it quite clear in his writing that he considered that to be the Court's primary function.
http://www.thefreedictionary.com/laissez-fair...

MY TAKE

I lived through the downturn in 1981 and came out of it OK. I think I may be the only one in Oklahoma history to file Chapter 11 and come out owning all. The bankruptcy courts were crammed full of cases so much so that many good people just gave in and up and walked away without one thin dime.

Yet while all that had went on before and then declined more and more each day gave me the road map to stand up against what had been done to me. Because the boom was intended to produce the bust, that way blood would run in the street then as JD Rockefeller had said at the turn of the century,“That was the best time to buy” now many don’t believe it but that is laissez-faire Capitalism meaning big money can get away with murder and it is just OK.

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