Growing Oil

Oil Trades near One-Week High on Bets China Will Boost Economy at Bloomberg.

U.S., Canada to drive 2013 non-OPEC oil supply gains at Fuel Fix.  But this is getting carried away:  “the US should collaborate with Canada and Mexico to not only fulfill domestic needs but make North America the world’s largest energy supplier” at AOL Energy.

IEA sees modest oil demand increase in 2013 at the Oil and Gas Journal.

“The European Union’s ban on Iranian oil has pushed up the price of similar types of low-quality oil as buyers scrabble for alternative supplies, while the price of higher quality oil has fallen.”  WSJ

“With oil output down 26 percent since 2004, Pemex may try to court investment and expertise from the oil majors.”  Business Week

An unconventional bonanza (Economist).  “Shale gas is giving a big boost to America’s economy” (Economist)  “…fracking causes little mess or disruption”  (Economist)

“…net imports of natural gas into the United States fell 25 percent in 2011”  EIA

“ExxonMobil expects considerable renewable energy growth over the next 30 years, primarily for power generation and mostly from wind.”  AOL Energy

The CRB is The Most Important Chart for Friday at Stock SageWhile This Is The China Chart To Watch at All Star Charts.  Meanwhile, the dollar does not seem to matter:  Kimble Charting Solutions.