---
title: "Oil Assumptions"
url: https://independentstockanalysis.com/oil-assumptions/
description: "Oil Trades Near One-Week Low as U.S. Manufacturing Contracts at Bloomberg . 2012 US Oil Production Will Be Highest In 14 Years & US Oil Boom Gets Bigger (…"
published: 2012-09-05
updated: 2012-09-05
---

# Oil Assumptions

Published 2012-09-05

Posted on

by

J.J. Butler

Oil Trades Near One-Week Low as U.S. Manufacturing Contracts at [Bloomberg](http://www.bloomberg.com/news/2012-09-04/oil-advances-from-one-week-low-as-crude-stockpiles-seen-falling.html).

2012 US Oil Production Will Be Highest In 14 Years & US Oil Boom Gets Bigger ([John Hanger](http://johnhanger.blogspot.co.uk/2012/09/2012-us-oil-production-will-be-highest.html) via EIA).

Saudi Arabia may become oil importer by 2030: Citigroup at [National Post](http://business.financialpost.com/2012/09/04/saudi-arabia-may-become-oil-importer-by-2030-citigroup/). Be assured this will not occur as price and economics will evolve our world.

“In 1973, it took 15.41 thousand BTU to produce one dollar of GDP; by 1995 10.02; and today 7.31 thousand BTU per dollar of GDP.” [John Hanger](http://johnhanger.blogspot.co.uk/2012/09/us-total-energy-consumption-falls-to.html)

Precious metal are the first and chief beneficiary of monetary mischief. Oil comes in second in my opinion. [Sober Look](http://soberlook.com/2012/09/the-hurricane-is-gone-why-arent.html)

After overpaying in for fringe Bakken acreage earlier in the year, MHR took a beating. Perhaps the chart is constructive as a spec play: [Stockcharts](http://stockcharts.com/freecharts/gallery.html?s=mhr). ExxonMobil as a [Dividend Growth Stock](http://www.dividend-growth-stocks.com/2012/09/exxon-mobil-corporation-xom-dividend.html?utm_medium=twitter&utm_source=twitterfeed).

The shale gas plays are plentiful and ginormous. The Duvernay is just one more. [Investor Place](http://www.investorplace.com/2012/09/all-eyes-on-canada-for-next-big-shale-play/)