Oil Rises in New York on Speculation Last Week’s Drop Overdone at Bloomberg.

Oil spare productive capacity trumps:  “…analysts are increasingly skeptical about whether these countries have the capacity to shield Western consumers against a new oil shock.”  WSJ  One chart with a guess of spare capacity is included in Brent-WTI crude oil spread remains wide in spite of Saudi action at Sober Look.

U.S. shale glut forces Alaska to target Asia for gas exports at Financial Post.

Someone I should have been following more closely is exceptionally bullish on natural gas.  Had the commentary come from elsewhere I would have dismissed and ignored it.  I need to investigate further.  This would be a really big deal…stay tuned.