---
title: "Oil Hinge"
url: https://independentstockanalysis.com/oil-hinge/
description: "Stock futures are higher this morning, while Oil Declines From One-Week High as China Manufacturing Weakens at Bloomberg . The oil price hinges on…"
published: 2012-10-01
updated: 2012-10-01
---

# Oil Hinge

Published 2012-10-01

Posted on

by

J.J. Butler

Stock futures are higher this morning, while Oil Declines From One-Week High as China Manufacturing Weakens at [Bloomberg](http://www.bloomberg.com/news/2012-10-01/oil-declines-from-one-week-high-as-china-manufacturing-weakens.html).

The oil price hinges on economic growth: [Saudi Gazette](http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20120929137847).

Maugheri vs The Oil Drum: Cornucopians vs The Peak Oil Crowd at [Million Dollar Way](http://www.milliondollarwayblog.com/2012/09/maugheri-vs-oil-drum-cornucopians-vs.html).

The best Bakken news you’ll read all month in [Raymond James Energy Stat of the Week](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm). Finally, a detailed analysis of the price XOM paid for DNR’s Bakken acreage: [Richard Zeits](http://seekingalpha.com/article/891371-exxon-mobil-bakken-acquisition-analysis?source=email_alternative_energy_investing&ifp=0).

Lower consumption and higher production: U.S. net petroleum imports for January-July 2012 were down 13% year over year. [EIA](http://www.eia.gov/dnav/pet/pet_move_neti_a_EP00_IMN_mbblpd_m.htm)

Oil rigs were down modestly while gas rigs were down substantially: [Haynesville Play](http://www.haynesvilleplay.com/2012/09/us-rig-count-11-to-1848.html).

With natural gas higher another 2% this morning, Chartology: Natural Gas Recovery and Price Analysis at [See It Market](http://www.seeitmarket.com/chartology-natural-gas-recovery-and-price-analysis/). Thoughts on associated gas production: [Haynesville Play](http://www.haynesvilleplay.com/2012/09/gas-from-oil-wells.html).

Are you interested in the continuous thoughts of JJ Butler on the commodity complex? Visit the *Independent Stock Analysis* [home page](https://independentstockanalysis.com/) and become a [member](https://independentstockanalysis.com/membership/?s2-ssl=yes) today for only $100 a year.