Rig Counts Hit Lowest Level Since 1999

1999What was happening in the year 1999? Let’s see. Then-President Bill Clinton went on trial in the Senate for lying under oath about getting a BJ in the Oval Office by a young girl, Monica Lewinski. Even though he was guilty, the Republican-controlled Senate lost its nerve and didn’t convict him. He was later stripped of his license to practice law in Arkansas for perjuring himself. The “Sopranos” debuted on HBO in 1999. Seth MacFarlane’s “Family Guy” first aired on Fox. Tom Cruise and Nicole Kidman star in the movie “Eyes Wide Shut.” Basketball star Michael Jordan announced his (first) retirement–only to return in 2001. Hip Hop artist Eminem released his first major record album called ‘The Slim Shady’ which would win him a Grammy the following year. The great Wayne Gretzky played his last hockey game in the NHL. Gretzky’s New York Rangers lost 2-1 to the Pittsburgh Penguins. Quarterback John Elway retired from the NFL in 1999. The third Harry Potter book, “Harry Potter and the Prisoner of Azkaban” was published. “Star Wars: Episode I – The Phantom Menace,” directed by George Lucas, was released in 1999. Oh, and one more thing. The year 1999 was the last time oil and gas rig counts were as low as they were last week, just 700 rigs operating…

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