2025-12-11 10:28:08

People still obsess over rig counts? That metric lost its magic years ago.

Here's the thing—rigs aren't the ones pumping crude. Wells are. And guess what? Production keeps climbing even when rig numbers drop.

The old peak-oil crowd completely misses the new game. Output doesn't follow drill bits anymore. It follows liquidity. Capital flows dictate barrels now, not hardware on the ground.

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defi_detective

· 11h ago

Wow, someone finally said it, the rig count system has been outdated for a long time.

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NFTPessimist

· 12-12 05:57

It's just a capital game, I haven't been paying attention to the number of drills for a long time.

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WinterWarmthCat

· 12-11 10:58

Liquidity is the new oil; those who understand, understand.

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FOMOrektGuy

· 12-11 10:57

ngl that's the real problem; liquidity is the true oil drilling rig.

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MemeKingNFT

· 12-11 10:57

Ha, it sounds like on-chain data, but it's just packaging old metrics into a new narrative. Capital flow determines production? Isn't that the same trick we've seen in the digital collectibles market—when liquidity dries up, no metric can save it.

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HodlOrRegret

· 12-11 10:56

Liquidity is king; the number of drilling rigs is just a smokescreen.

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MerkleDreamer

· 12-11 10:56

Liquidity is the key, these guys are still looking at drill rigs lol

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