---
title: "Huge Oil"
url: https://independentstockanalysis.com/huge-oil/
description: "Oil Declines for Second Day, Pares Loss as Storm Approaches Gulf at Bloomberg . Crude and product inventory charts courtesy of BMO and Investor Village…"
published: 2012-08-24
updated: 2012-08-24
---

# Huge Oil

Published 2012-08-24

Posted on

by

J.J. Butler

Oil Declines for Second Day, Pares Loss as Storm Approaches Gulf at [Bloomberg](http://www.bloomberg.com/news/2012-08-24/oil-falls-a-second-day-on-u-s-jobless-claims-european-crisis.html).

Crude and product inventory charts courtesy of BMO and [Investor Village](http://www.investorvillage.com/uploads/8708/files/PetroleumStorageCharts22-August-12.pdf).

Saudi Arabia is pumping at record levels but risks to crude supply disruptions remain at [Sober Look](http://soberlook.com/2012/08/saudi-arabia-is-pumping-at-record.html).

The oil shale boom and oil imports: [Mark Perry](http://www.aei-ideas.org/2012/08/shale-oil-a-tremendous-development-for-u-s-oil-production-shovel-ready-jobs-economic-growth-and-energy-independence/). I’ll suggest the oil and shale gas revolution does not receive enough credit for keeping the US economy afloat.

The history of US SPR releases: [Ritholtz](http://www.ritholtz.com/blog/2012/08/spr-election-years/).

Shell plans at least $1 billion a year China shale gas investment at [Reuters](http://www.reuters.com/article/2012/08/21/us-shell-china-idUSBRE87K0AS20120821). The $1 billion sounds like a lot; consider it a start.

A huge infograph on shale gas: [Visual Capitalist](http://www.visualcapitalist.com/portfolio/the-what-where-and-how-of-shale-gas-part-1). The vast untapped shale gas basis is hard to comprehend ([RBN Energy](http://www.rbnenergy.com/lonely-gas-surplus-seeks-long-term-overseas-relationship)).

Crude Oil and Bonds: [Dragonfly](http://dragonflycap.com/2012/08/23/crude-oil-and-bonds-talk-amongst-yourselves/).

Great charts from [Daily Wealth](http://www.dailywealth.com/2186/The-Most-Important-Economic-Event-of-Your-Lifetime-Is-Now-Underway):

(The spikes down in production were hurricane related shutdowns.)

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