The Oil Rig Count : Planet Money One of the best gauges of the state of the oil business is a pretty simple one: just count the drilling rigs.
NPR logo The Oil Rig Count

The Oil Rig Count

The Baker Hughes Rig Count is a tally of all the rigs that are drilling for oil in the US.

It comes out every Friday, and it's often used as a gauge of the American oil business.

But technological advances in the industry could end up making the Baker Hughes index less relevant.

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