The collapsing oil industry

Watch Five Years of Oil Drilling Collapse in Seconds

The crash in oil prices has taken its toll. The number of rigs drilling for oil and gas in the U.S. is plunging toward the lowest level in more than 75 years of records. The animation below shows the deployment of rigs over five years, culminating in the collapse of almost 75 percent of the rig count.

http://www.bloomberg.com/graphics/2016-oil-rigs/



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