![](https://www.joollc.com/wp-content/uploads/2021/10/239460263_4269957729763845_4580695426835582003_n-780x300.jpg)
As oil prices continue their steady march upward, there is yet to be a meaningful increase in floating rig activity in the US Gulf of Mexico. Some may see this as a negative sign for offshore activity, but I disagree. It was widely believed that once oil eclipsed the mid-$60 threshold for a sustained period,…