Oil and a lot of Gas

We arrive at our desks to weak prices, even with Almost 23% Of Gulf Of Mexico’s Oil-And-Gas Output Cut By StormIB Times.  Natty will remain depressed withdrawal season begins next fall, while oil needs help from the a ‘Saudi Arabia committed to oil supply stability’The News Tribe

These notes from last week’s oil supply and demand symposium might be the best thing we read all week:  World of Wall Street.

Perhaps to much opinion, but some worthwhile tidbits and interesting charts:  Energy and Capital.

Looking at Encana’s investor day presentation, Understanding the Big PictureHaynesville Play.

Rig count -5 (+16 oil and -21 gas) at Haynesville Play.  In their Energy Stat of the Week, Raymond James calls for a 25% reduction in the rig count.  WOW.  Raymond James

On the Marcellus and natural gas:  “Canadian imports into the northeast will probably end in two years (2014), and flip around to a net export position.  Midcontinent flows into the Northeast will probably end a year later(2015).”  RBN Energy

No wonder then, Natural Gas is Not Breaking HigherDragonfly CapitalGazprom Biggest Loser as Shale Gas Upends World Markets at Bloomberg.

About Chesapeake’s new Chairman:  Fuel FixWith CEO Out, What’s Next For Forest Oil?  Wall Street Journal.

Alberta scours the globe for workers:  Financial Post.

MAP: How Oil Flows In And Out Of Every Country In The WorldBusiness Insider.