---
title: "Energy Eleven"
url: https://independentstockanalysis.com/energy-eleven/
description: "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…"
published: 2012-06-28
updated: 2012-06-28
---

# Energy Eleven

Published 2012-06-28

Posted on

by

J.J. Butler

Hello Brent contango at [FT Alphaville](http://ftalphaville.ft.com/blog/2012/06/27/1060641/hello-brent-contango/).

“…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](http://blogs.wsj.com/chinarealtime/2012/06/27/as-u-s-leaves-oil-hungry-china-stuck-in-middle-east/)

Details on yesterday’s petroleum inventories: [Hard Asset Investor](http://www.hardassetsinvestor.com/weekly-commodity-reports/petroleum-report/3846-crude-oil-fundamentals-signal-bottom-forming-after-40-sell-off.html?showall=&fullart=1&start=7). Crude triangle pattern at [Nifty Charts](http://niftychartsandpatterns.blogspot.in/2012/06/crude-oil-triangle-pattern.html).

“Western Canada Select – a blend of heavy oil sands crude and conventional oil…” is now under $40 at [Mining](http://www.mining.com/2012/06/26/global-glut-pushes-canadian-crude-down-to-52-a-barrel-pricing-oil-sands-out-of-the-market/). High Yield Canadian Oil And Gas Dividend Cuts Are Looming at [Seeking Alpha](http://seekingalpha.com/article/682471-high-yield-canadian-oil-and-gas-dividend-cuts-are-looming?source=email_investing_income&ifp=0).

“Obama appointee wades into oil export debate before it begins” at [Platts](http://www.platts.com/weblog/oilblog/2012/06/27/obama_appointee.html).

Tillerson: “Losing our shirts’ on natty at [Marketwatch](http://www.marketwatch.com/story/exxon-ceolosing-our-shirts-on-natural-gas-price-2012-06-27). Note the export comments at the end…

U.S. tiptoes toward exporting a gas bounty at the [Financial Post](http://business.financialpost.com/2012/06/27/u-s-tiptoes-toward-exporting-a-gas-bounty/?__lsa=380fecd6).

Meanwhile, the natural gas stocks were up almost 4% yesterday. In a reversal: Signals Lining Up to Buy Natural Gas at [Dragonfly Capital](http://dragonflycap.com/2012/06/27/signals-lining-up-to-buy-natural-gas/).

Be very, very careful with liquids and NGL’s: [WSJ](http://online.wsj.com/article/SB10001424052702304458604577490562684904168.html?mod=WSJ_Energy_leftHeadlines) (Google the title to read the whole article.)