---
title: "Oil & Gas"
url: https://independentstockanalysis.com/oil-gas-2/
description: "Crude Trades Near Seven-Week High on Iran Tensions, Stimulus Speculation at Bloomberg . Fragile, but Comfortable, Oil Market Expected at Oil Price…"
published: 2012-07-17
updated: 2012-07-17
---

# Oil & Gas

Published 2012-07-17

Posted on

by

J.J. Butler

Crude Trades Near Seven-Week High on Iran Tensions, Stimulus Speculation at [Bloomberg](http://www.bloomberg.com/news/2012-07-17/oil-near-seven-week-high-on-iran-tension-fed-speculation.html). Fragile, but Comfortable, Oil Market Expected at [Oil Price](http://oilprice.com/Energy/Crude-Oil/Fragile-but-Comfortable-Oil-Market-Expected.html).

Chinese crude imports at nine-month low at [CGES](http://www.cges.co.uk/resources/articles/2012/07/16/chinese-crude-imports-at-nine-month-low). What happens to price if and when imports re-accelerate?

Natural gas supply remains stubbornly high at the [EIA](http://www.eia.gov/naturalgas/weekly/?src=email), but look at the Haynesville rig count for a clue to the future: [Haynesville Play](http://www.haynesvilleplay.com/2012/07/haynesville-shale-rig-count-2-to-27.html).

Do US LNG Export Schemes Make Sense? [RBN Energy](http://www.rbnenergy.com/export-boom-or-import-echo%E2%80%93do-us-lng-export-schemes-make-sense). “…Obama administration, which is struggling to decide whether – and how much – the U.S. should share the bounty with foreign countries.” [Fuel Fix](http://fuelfix.com/blog/2012/07/16/natural-gas-glut-a-dilemma-for-obama/)

More on Japan and the spot LNG market: [Energy Tribune.](http://www.energytribune.com/articles.cfm/11183/Japan-Drives-Fledgling-Asian-LNG-Spot-Market)

Frac sand prosperity: [Mark Perry](http://mjperry.blogspot.com/2012/07/midwest-sand-rush-creates-jobs.html)

CRB and WTI technical analysis: [Robert Sinn](http://www.robertsinn.com/2012/07/16/commodities-breakout-or-fakeout/). Pretty much all the producers are very undervalued under decent oil and gas pricing regimes. MHR’s reserve report at [Benzinga](http://www.benzinga.com/news/12/07/2745129/magnum-hunter-resources-announces-mid-year-total-proved-oil-gas-reserves).