September 2019

The Swiss government has announced it will cut its greenhouse gas emissions to a net-zero level by 2050. According to Swiss government statistics, about 60% of Switzerland's electricity generation comes from renewable sources, most of it from hydro (56.6%). Nuclear contributes about 37.6% and about 2.5% comes from fossil fuels.

U.S. Rig Count is down 12 rigs from last week to 904, with oil rigs down 12 to 742, gas rigs unchanged at 162, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 11 rigs from last week to 150, with oil rigs up 10 to 105 and gas rigs up 1 to 45.