Energy Eleven

Hello Brent contango at FT Alphaville.

“…the U.S. will drastically reduce its reliance on important oil, in particular from the Middle East…China’s story is precisely the opposite.”  WSJ

Details on yesterday’s petroleum inventories:  Hard Asset Investor.  Crude triangle pattern at Nifty Charts.

“Western Canada Select – a blend of heavy oil sands crude and conventional oil…” is now under $40 at MiningHigh Yield Canadian Oil And Gas Dividend Cuts Are Looming at Seeking Alpha.

“Obama appointee wades into oil export debate before it begins” at Platts.

Tillerson:  “Losing our shirts’ on natty at Marketwatch.  Note the export comments at the end…

U.S. tiptoes toward exporting a gas bounty at the Financial Post.

Meanwhile, the natural gas stocks were up almost 4% yesterday.  In a reversal:  Signals Lining Up to Buy Natural Gas at Dragonfly Capital.

Be very, very careful with liquids and NGL’s:  WSJ  (Google the title to read the whole article.)