---
title: "More Oil than Gas"
url: https://independentstockanalysis.com/more-oil-than-gas/
description: "Oil Drops From Nine-Week High on Signs Demand May Weaken at Bloomberg . Oil prices will have a lot to say about how quickly U.S. unconventional production…"
published: 2012-07-20
updated: 2012-07-20
---

# More Oil than Gas

Published 2012-07-20

Posted on

by

J.J. Butler

Oil Drops From Nine-Week High on Signs Demand May Weaken at [Bloomberg](http://www.bloomberg.com/news/2012-07-20/oil-drops-from-nine-week-high-on-signs-demand-may-weaken.html).

Oil prices will have a lot to say about how quickly U.S. unconventional production surpasses OPEC’s second and third largest producers: [Petroleum Economist](http://www.petroleum-economist.com/Article/3064046/News-and-Analysis-Archive/US-Bakken-tight-oil-output-to-overtake-Iraq.html). The independent producers, after all, are still on the steep part of the learning curve: [E&P Magazine](http://www.epmag.com/Technology-Operations/Information-Overload-A-Growing-Problem-Oil-Gas-Companies_103705).

Why The World Is Coming For America’s Oil: [Forbes](http://www.forbes.com/sites/christopherhelman/2012/07/18/why-the-world-is-now-coming-to-america-for-oil/).

Watch OPEC net exports: “Saudi Arabia’s population grew less than 10% over the last decade while domestic oil consumption skyrocketed to nearly three million barrels per day.” [E&C](http://www.energyandcapital.com/articles/saudis-secret-oil-crisis/2350)

About 44% of U.S. refinery capacity is along the gulf coast: [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=7170) U.S. oil production by state: [EIA](http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm).

George Mitchell’s thoughts on a variety of ideas: [Forbes](http://www.forbes.com/sites/christopherhelman/2012/07/19/billionaire-father-of-fracking-says-government-must-step-up-regulation/).

The U.S. natural gas net import trend will continue into this year: [EIA](http://www.eia.gov/naturalgas/importsexports/annual/?src=email)

Natural gas vehicles in your garage are not coming anytime soon. The $2.3 million government grant is a farce. [Business Week](http://www.businessweek.com/ap/2012-07-18/ge-to-develop-home-fueling-for-natural-gas-cars)

Energy and Materials benefit from low expectations come earnings: [Bespoke](http://www.bespokeinvest.com/thinkbig/2012/7/19/reaction-to-earnings-by-sector.html).