---
title: "How Real Is Shale?"
url: https://independentstockanalysis.com/how-real-is-shale/
description: "About yesterday’s mess in the patch: Barrons . UBS went the other way, with less analysis: Reuters . “Valero could stop importing light, sweet crude to…"
published: 2012-06-19
updated: 2012-06-19
---

# How Real Is Shale?

Published 2012-06-19

Posted on

by

J.J. Butler

About yesterday’s mess in the patch: [Barrons](http://blogs.barrons.com/stockstowatchtoday/2012/06/18/raymond-james-downgrades-24-oil-gas-names-crude-going-to-65/?mod=yahoobarrons). UBS went the other way, with less analysis: [Reuters](http://www.reuters.com/article/2012/06/18/energysector-research-ubs-idUSL3E8HI67820120618?feedType=RSS&feedName=rbssEnergyNews&rpc=43).

“Valero could stop importing light, sweet crude to its Gulf Coast refineries as soon as 2013 and fully rely on U.S. production,” [Fuel Fix](http://fuelfix.com/blog/2012/06/18/gulf-coast-refiners-will-stop-light-sweet-crude-imports/).

Rail shipments of oil up 36% this year: [Globe and Mail](http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/rail-shipments-of-oil-up-36-this-year/article4321371/). Thus the strengths in the rails: [ChessNwine](http://ibankcoin.com/chessnwine/2012/06/18/bulls-singing-the-railroad-song/).

Part III on Bakken crude pricing: [RBN Energy](http://www.rbnenergy.com/the-bakken-buck-starts-here%E2%80%93Bakken-crude-pricing-part-III). Brent-WTI spread at [Bespoke](http://www.bespokeinvest.com/thinkbig/2012/6/18/brent-wti-drops-to-lowest-levels-since-january.html).

Commentary on OPEC’s meeting last week: [FT Alphaville](http://ftalphaville.ft.com/blog/2012/06/15/1046531/opec-compromised-saudi-arabia-becomes-lone-player/).

The Duvernay shale is a colossal oil and gas play in Canada: [Mining](http://www.mining.com/2012/06/13/the-duvernay-shale-is-a-colossal-oil-and-gas-play/)

At last, a bottom in Natural Gas: “I believe strongly that the low at 1.902 will not be seen again in my trading lifetime.” [Peter Brandt](http://peterlbrandt.com/at-last-a-bottom-in-natural-gas/)

Haynesville rig count at [Haynesville Play](http://www.haynesvilleplay.com/2012/06/haynesville-shale-rig-count-1-to-33.html).