---
title: "Oil and Gas Supply"
url: https://independentstockanalysis.com/oil-and-gas-supply/
description: "Yesterday saw a large swath of the oilers gain strength as the day progressed. The larger the trading volume in the name, the stronger the stock. Oil…"
published: 2012-07-18
updated: 2012-07-18
---

# Oil and Gas Supply

Published 2012-07-18

Posted on

by

J.J. Butler

Yesterday saw a large swath of the oilers gain strength as the day progressed. The larger the trading volume in the name, the stronger the stock.

Oil Drops From Seven-Week High on Outlook for Economy at [Bloomberg](http://www.bloomberg.com/news/2012-07-17/oil-trades-near-seven-week-high-on-stockpiles-stimulus-outlook.html). As China imports have ebbed, what happens to price if and when their imports become robust again? [Bloomberg](http://www.bloomberg.com/news/2012-07-18/middle-east-tanker-charters-seen-falling-10-by-marex-on-china.html).

Oil and gas prices need to be higher for enough economic investment to occur. “Capital spending cuts may be in the cards when oilpatch earnings season kicks off this week…” [Financial Post](http://business.financialpost.com/2012/07/17/capital-spending-cuts-may-be-coming-in-oilpatch-cibc/)

“The IEA also said that demand from emerging economies will for the first time next year overtake demand in the world’s most industrialized nations, or the OECD.” [Marketwatch](http://www.marketwatch.com/story/iea-sees-demand-growing-in-2013-2012-07-12-64855027)

Iran’s Crude Oil Production: [Ritholtz](http://www.ritholtz.com/blog/2012/07/irans-crude-oil-production/?utm_source=dlvr.it&utm_medium=twitter).

A “Shocking” Shut-in Scenario for Canadian Natural Gas at [Oil Price](http://oilprice.com/Energy/Natural-Gas/A-Shocking-Shut-in-Scenario-for-Canadian-Natural-Gas.html).

Continental Resources Bakken BUY Target $89 at [AMP 2012](http://amp2012.com/2012/07/17/continental-resources-buy-target-89/). The Bakken infrastructure comments were worthwhile. “Active rigs in North Dakota are din to 209 from an all-time high of 218.” at [Million Dollar Way](http://www.milliondollarwayblog.com/2012/07/hopefully-back-on-internet-tonight.html). The Bakken players need more pipe up there: [EE News](http://www.eenews.net/public/Greenwire/2012/07/12/1).

Domestic energy supplies boost U.S. economy at [USA Today](http://www.usatoday.com/money/industries/energy/story/2012-07-11/natural-gas-finds-lower-energy-costs/56157080/1).