---
title: "Fed Day Oil"
url: https://independentstockanalysis.com/fed-day-oil/
description: "Oil Trades Near Two-Week Low on Manufacturing Slowdown at Bloomberg . OPEC oil output drops as sanctions hit Iran at Globe and Mail . “Majority of…"
published: 2012-08-01
updated: 2012-08-01
---

# Fed Day Oil

Published 2012-08-01

Posted on

by

J.J. Butler

Oil Trades Near Two-Week Low on Manufacturing Slowdown at [Bloomberg](http://www.bloomberg.com/news/2012-07-31/oil-declines-for-a-third-day-as-fed-may-forgo-stimulus.html).

OPEC oil output drops as sanctions hit Iran at [Globe and Mail](http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/opec-oil-output-drops-as-sanctions-hit-iran/article4449653/).

“Majority of Executives See Energy Independence Achievable Within 15 Years” and “Many see another oil shock by the end of 2013” by Forbes on [Scribd](http://www.scribd.com/doc/101655646/Forbes-Insights-Energy-Executive-Survey)

“more eye-popping figures out of the Williston Basin” [Platts](http://www.platts.com/weblog/oilblog/2012/07/31/a_century_of_oi.html).

Investors ought to be discriminating when chasing shale plays. The Monterey in California has yet to live up to the hype: [AP](http://finance.yahoo.com/news/analyst-calif-shale-oil-field-154915126.html).

U.S. imports by country: [EIA](http://www.eia.gov/petroleum/imports/companylevel/).

Shale natural gas continues to see costs decline while traditional LNG costs rise. I can not fathom a $37 billion dollar facility. [Mining Weekly](http://www.miningweekly.com/article/costs-rising-at-gorgon-lng-project-chevron-2012-07-30).

Seems all of BP’s business units are struggling: [Platts](http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8578459). Analyst comments at the [WSJ](http://blogs.wsj.com/source/2012/07/31/bp-results-analysts-react/).

“Canadian Oil Sands Ltd. cut its production outlook when it reported lower-than-forecast second quarter earnings last week, but at least one analyst thinks the company’s targets still look ambitious.” [Financial Post](http://business.financialpost.com/2012/07/31/canadian-oil-sands-oulook-still-lofty-analyst/)

Be careful out there; today will be a tale of two tapes.