Younger drilling rigs ready for scrapping

The age of offshore drilling rigs that goes to, or is ready for scrapping is falling:

While some old units are still working. (even getting new contracts)
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Oil is not going away by any means. Price right now continues to be a problem.Efficiency is the key.Some do, some don’t.

No it will not. Petroleum products are used for a lot of things, besides as fuel.
But the quantity needed will likely be dropping every year from now on as cleaner energy and less plastic will be used around the world.