Oil Hinge

Stock futures are higher this morning, while Oil Declines From One-Week High as China Manufacturing Weakens at Bloomberg.

The oil price hinges on economic growth:  Saudi Gazette.

Maugheri vs The Oil Drum: Cornucopians vs The Peak Oil Crowd at Million Dollar Way.

The best Bakken news you’ll read all month in Raymond James Energy Stat of the Week.  Finally, a detailed analysis of the price XOM paid for DNR’s Bakken acreage:  Richard Zeits.

Lower consumption and higher production:  U.S. net petroleum imports for January-July 2012 were down 13% year over year.  EIA

Oil rigs were down modestly while gas rigs were down substantially:  Haynesville Play.

With natural gas higher another 2% this morning, Chartology: Natural Gas Recovery and Price Analysis at See It Market.  Thoughts on associated gas production:  Haynesville Play.

Are you interested in the continuous thoughts of JJ Butler on the commodity complex?  Visit the Independent Stock Analysis home page and become a member today for only $100 a year.