---
title: "Oil, Change"
url: https://independentstockanalysis.com/oil-change/
description: "October US natural gas production was an all-time high: EIA . Exporting the American Renaissance: Global Impacts of LNG Exports from the United States by…"
published: 2013-01-11
updated: 2013-01-11
---

# Oil, Change

Published 2013-01-11

Posted on

by

J.J. Butler

October US natural gas production was an all-time high: [EIA](http://www.eia.gov/dnav/ng/hist/n9050us2m.htm).

Exporting the American Renaissance: Global Impacts of LNG Exports from the United States by [Deloitte](https://www.deloitte.com/view/en_US/us/Industries/oil-gas/Deloitte-Center-for-Energy-Solutions/50cb7218eee8b310VgnVCM1000003256f70aRCRD.htm).

“Saudi Arabia, the world’s largest oil exporter, reduced its crude production in December by 4.9 percent to the lowest in 19 months, according to a Gulf official with knowledge of the kingdom’s energy policy….OPEC forecasts published in a monthly report on Dec. 12 indicate the group will need to lower output this year to keep supply and demand in balance.” [CGES](http://www.cges.co.uk/media/articles/2013/01/10/saudi-arabia-said-to-cut-december-oil-output-to-19-month-low)

“There should be no question that the decline in U.S. imports – and, more fundamentally, the production gains and consumption curbs behind it – is good news. But, with oil prices appearing fairly steady at historic highs, it’s important to keep that in perspective.” [CFR](http://blogs.cfr.org/levi/2013/01/09/how-far-have-u-s-oil-imports-fallen/#cid=soc-twitter-at-blogs-how_far_have_us_oil_imports_fa-010913)

“Phillips 66 has signed a five-year commitment to ship North Dakotan crude oil by rail to its New Jersey refinery, making an estimated $1 billion bet that North American crude will remain cheap.” [Upstream Online](http://www.upstreamonline.com/live/article1313432.ece)

I’m no longer sure Peak Oil will be a world problem in the next couple of decades. Commentary: Why Peak Oil Threatens the International Monetary System at [ASPO](http://aspousa.org/2013/01/commentary-why-peak-oil-threatens-the-international-monetary-system/).

**More on Autos, Housing and Employment at [Value Plays](http://www.valueplays.net/2013/01/10/more-on-labor-and-auto/).**

The world changes ever faster: