Sober Look: After all we've seen a spectacular decline in active oil rig count. The answer has less to do with rigs that have been taken offline and more with the technology that remains. After the inefficient rigs have been shut, US rig count is starting to stabilize.
Wrong - the word stabilize implies an end to the decline. What we are witnessing is a temporary pause in the downtrend, not an end to the downtrend...
