Drilling rig count climbs at fastest rate since the pandemic began

People seem to live in la-la-land. Haven’t we noticed that oil prices are in rather exciting territory right now? I can remember pre-COVID times when shale company CEOs would have sold their grannies whipping chairs for prices as we have them right now. Shale is back in growth territory. And conventional oil is still in “licking wounds” mode. This is not a match – it’s a slugfest.