Released each Friday to end the work week, the U.S. oil-directed rig count is something the entire energy business looks forward to. As such, we all thank Baker Hughes for these numbers that tell us a good bit about the current thinking of our oil and gas industry. Despite numerous changes in the business, particularly since the shale oil and natural gas revolution took flight in 2008, there is still a very clear connection between oil prices and the rig count, with rises for the former pushing higher numbers for the latter. Measured from -1.0 to +1.0, the Correlation Coefficient determines the relationship between ... (full story)