The US land oil fields continued to shed rigs this week while production kept climbing. The land oil rig count fell by 56 to 866, Baker Hughes said in its weekly report. Analysts expect the rig count to keep falling until at least the second quarter unless oil prices recover sufficiently enough to encourage more drilling before then. In the big three onshore basins — the Permian, Eagle Ford and Williston — rig counts fell 23 to 305 for the week ending Friday, two to 127 and four to 104, the Baker Hughes data showed. Article continues below… Every Monday, Capitol Hill newshounds Herman Wang and Brian Scheid analyze, dissect and debate the key US oil policy issues affecting the industry. We’re going to need a bigger boat: climbing crude production, stagnant demand, politics and more prove that trouble can come from anywhere […]