Oil Rigs and Oil Risks: What's Next for the "Boom-Bust" Cycle?
by Robert Folsom
Updated: April 11, 2017
The search for recoverable crude never stops. But, the search is more active at some times than at others -- drilling for crude is immensely expensive and full of risk. Yet here's what is especially relevant to our forecast: The search for crude is a collective activity. So it's no surprise that the oil rig count reflects a textbook Elliott Wave pattern. See it for yourself on our unique chart.
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