---
title: "Mostly Gas"
url: https://independentstockanalysis.com/mostly-gas/
description: "Oil Trades Near One-Week High as U.S. Manufacturing Expands at Bloomberg . America’s booming energy industry has emerged as the no. 1 job-creating sector…"
published: 2012-10-02
updated: 2012-10-02
---

# Mostly Gas

Published 2012-10-02

Posted on

by

J.J. Butler

Oil Trades Near One-Week High as U.S. Manufacturing Expands at [Bloomberg](http://www.bloomberg.com/news/2012-10-02/oil-trades-near-one-week-high-as-u-s-manufacturing-expands.html).

America’s booming energy industry has emerged as the no. 1 job-creating sector of the U.S. economy by [Mark Perry](http://www.aei-ideas.org/2012/10/americas-booming-energy-industry-has-emerged-as-the-no-1-job-creating-sector-of-the-u-s-economy/). The horizontal drilling boom being bullish for the U.S. is difficult to overstate: [News OK](http://newsok.com/article/3714067).

“This year is on track to be the most expensive ever for drivers, as gasoline prices soared to all-time highs for September, the fifth record-breaking month in 2012, according to AAA.” [Fuel Fix](http://fuelfix.com/blog/2012/10/02/gas-prices-on-track-to-break-all-time-record-in-2012/)

A full 55 pages of oil sands research: [BMO](http://research-ca.bmocapitalmarkets.com/documents/8ADCBEFB-FDBA-41C4-99A2-0A51EC596E44.PDF).

Don’t look now, but November natural gas is $3.51 and December contracts are $3.79. U.S. Natural Gas Gains a Fifth Day After Supply Forecasts at [Bloomberg](http://www.bloomberg.com/news/2012-10-01/u-s-natural-gas-gains-a-fifth-day-after-supply-forecasts.html).

Demand For Natural Gas Is Breaking Records at [Business Insider](http://www.businessinsider.com/natural-gas-demand-breaking-all-records-2012-10).

Natural gas production has leveled off. Once the backlog of uncompleted wells is worked through a strong cycle looks to occur. U.S. marketed natural gas production levels off in the first half of 2012 at the [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=8190).

“Nat Gas has completed major long-term chart bottom” [Peter Brandt](http://stocktwits.com/message/9760635).