And there was much rejoicing in the land.... Gas Prices

[Strychnine]

You have the Y/Y numbers? I would assume there's some seasonality involved.

Not nationally. Here's some Texas info though.

July 2013 - 1,843 permits issued (new drill + re-enter + re-complete + other)
July 2014 - 2,419 permits issued (new drill + re-enter + re-complete + other)

Aug 2013 - 1,606
Aug 2014 - 2,440

Sep 2013 - 1,531
Sep 2014 - 3,013

Oct 2013 - 1,735
Oct 2014 - 3,046

More in the graph...
(the bottom graph here is a breakdown of the red line in the top graph)




And for some history:

[Denny]

How are the next 12 month projections vs. those?

[Strychnine]

How are the next 12 month projections vs. those?

[Denny]

LMFAO!!!

That's all I asked for

[GrayStangGT]

This is the most accurate data I have seen

[Baron Von Crowder]

this just needs to be quoted again.

[Ruffdaddy]

How are the next 12 month projections vs. those?

Down.

[SSMAN]

Fuck it, I dont care if gas prices ever go back up. Makes my life easier and I am diggin it!

[GhostTX]

Below $60 today.

http://www.usatoday.com/story/money/markets/2014/12/12/oil-prices/20294645/

[HarrisonTX]

That $2.99 diesel !

[Cooter]

That $2.99 diesel !

is overpriced

[Broncojohnny]

I just wonder at what point the stock market panics, it will probably take a wave of defaults.

[HarrisonTX]

I just wonder at what point the stock market panics, it will probably take a wave of defaults.

That's absolutely already happening.

[03mustangdude]

Buddy who got promoted within haliburton just got told that if gas prices dont go up by april he wont be employed. He is in odessa.

Told him to join choo choo

[Ruffdaddy]

Got a few friends out west that I'm feeling for. Luckily mos of them either socked money away or paid cash for their stuff so lower pay will cover bills.

I sense a lot of those 500K 1500 sqft houses going into foreclosure soon. My best wishes are with those out there.