---
title: "Energy to start your week"
url: https://independentstockanalysis.com/energy-to-start-your-week/
description: "“…oil futures posted their biggest quarterly declines since the fourth quarter of 2008…while (of Friday) U.S. crude jumped by more than $7…the…"
published: 2012-07-02
updated: 2012-07-02
---

# Energy to start your week

Published 2012-07-02

Posted on

by

J.J. Butler

“…oil futures posted their biggest quarterly declines since the fourth quarter of 2008…while (of Friday) U.S. crude jumped by more than $7…the fourth-largest daily gains in dollar terms since the contracts were launched.” [Globe and Mail](http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-boasts-fourth-biggest-daily-price-gain-ever/article4381474/)

“But if oil prices resume their recent slides, Bill Herbert, co-head of research for Simmons & Company said the excited spending on expensive shale play developments will likely taper off.” [Fuel Fix](http://fuelfix.com/blog/2012/06/29/oil-is-up-but-a-declining-trend-could-curb-shale-rush/)

Directly related are Eagle Ford well starts: [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=5950).

Details on the Mississippi Lime have been hard to find to this point: [E&P](http://www.epmag.com/EP-Magazine/Mississippi-Lime-moves-mainstream-oil-production-two-years_101719).

U.S. April 2012 crude production was down 5% from March, yet up 10% over April 2011: [EIA](http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm).

**Booming production and declining demand means U.S. net petroleum imports were down 15% April over April**: [EIA](http://www.eia.gov/dnav/pet/pet_move_neti_a_EP00_IMN_mbblpd_m.htm).

U.S. NGL production also up 10% April over April. Be careful!: [EIA](http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MNGFPUS2&f=M)

U.S. Rig Count: -7 (all Gas Rigs) to 1,959 at [Haynesville Play](http://www.haynesvilleplay.com/2012/06/us-rig-count-7-all-gas-rigs-to-1959.html).

This heat sure is helping burn off the excess natty in storage, meanwhile Cities That Wouldn’t Exist Without Air Conditioning at [Atlantic Cities](http://www.theatlanticcities.com/jobs-and-economy/2012/06/cities-might-not-exist-without-air-conditioning/2399/#slide1).

Canada’s natural gas dreams closer to reality after Petronas moves at the [Financial Post](http://business.financialpost.com/2012/06/28/canadas-natural-gas-dreams-closer-to-reality-after-petronas-moves/).

No Energy Yet in the Energy Sector: [Dragonfly](http://dragonflycap.com/2012/06/29/no-energy-yet-in-the-energy-sector/).

Earnings, Meet Cliff: Energy’s Contribution to S&P 500 Earnings Is Plummeting, the [Raymond James Energy Stat of the Week](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm).

I was published at Seeking Alpha: [Forest Oil: A Speculative Idea](http://seekingalpha.com/article/694741-forest-oil-a-speculative-idea?source=email_alternative_energy_investing&ifp=0).