---
title: "Growing Oil"
url: https://independentstockanalysis.com/growing-oil/
description: "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…"
published: 2012-07-13
updated: 2012-07-13
---

# Growing Oil

Published 2012-07-13

Posted on

by

J.J. Butler

Oil Trades near One-Week High on Bets China Will Boost Economy at [Bloomberg](http://www.bloomberg.com/news/2012-07-13/oil-drop-as-demand-concern-outweighs-additional-iran-sanctions.html).

U.S., Canada to drive 2013 non-OPEC oil supply gains at [Fuel Fix](http://fuelfix.com/blog/2012/07/12/u-s-canada-to-drive-2013-non-opec-oil-supply-gains/). 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](http://energy.aol.com/2012/07/10/beyond-energy-independence-us-could-become-exporter/?icid=trending1).

IEA sees modest oil demand increase in 2013 at the [Oil and Gas Journal](http://www.ogj.com/articles/2012/07/iea-sees-modest-oil-demand-increase-in-2013.html).

“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](http://online.wsj.com/article/SB10001424052702303740704577522460916524698.html?mod=WSJ_Energy_leftHeadlines)

“With oil output down 26 percent since 2004, Pemex may try to court investment and expertise from the oil majors.” [Business Week](http://www.businessweek.com/articles/2012-07-12/mexico-may-finally-get-a-modern-oil-industry)

An unconventional bonanza ([Economist](http://www.economist.com/node/21558432)). “Shale gas is giving a big boost to America’s economy” ([Economist](http://www.economist.com/node/21558459)) “…fracking causes little mess or disruption” ([Economist](http://www.economist.com/node/21558462))

“…net imports of natural gas into the United States fell 25 percent in 2011” [EIA](http://www.eia.gov/naturalgas/importsexports/annual/index.cfm)

“ExxonMobil expects considerable renewable energy growth over the next 30 years, primarily for power generation and mostly from wind.” [AOL Energy](http://energy.aol.com/2012/07/12/big-oil-sees-big-growth-for-renewable-energy/)

The CRB is The Most Important Chart for Friday at [Stock Sage](http://www.robertsinn.com/2012/07/12/the-most-important-chart-for-friday/). While This Is The China Chart To Watch at [All Star Charts](http://allstarcharts.com/this-is-the-china-chart-to-watch/). Meanwhile, the dollar does not seem to matter: [Kimble Charting Solutions](http://blog.kimblechartingsolutions.com/wp-content/uploads/2012/07/dollar2yearhighiymflagjuly121.gif).