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Oil and Gas Patch Will Keep Working

By Jim Cramer

 About this article:
 It's all about the rig count. That's the new measure, and it's astoundingly like the old measure. That's right, in the beginning of the 1980s we used to trade off the rig count. If it was up, we bought Baker Hughes and Schlumberger , and if it was down, we sold 'em. But all we ever get these days is up. In fact, for the first time in a couple of years Canada is up -- the governments up there taxed the companies so severely that they basically stopped drilling, the opposite of what is needed. These days the shale business is exploding all over the country and we need rigs -- hence the amazing bidding war for a once-despised property, Grey Wolf , and the endless runs in Nabors and Halliburton , the prime beneficiaries of domestic drilling. It's no secret that we are in...

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