KW: Not picking on the U.S. but as they have always told us the markets are dominated by the U.S. when you are looking to value or buy so this is just the flip side. Just another indicator turning south

The U.S. now has 904 working rigs, which is down 14% from a year ago.

Source: The Shale Boom Has Turned To Bust: Producers Slashing Budgets, Staff, & Production Goals | Zero Hedge