---
title: "Oil Speculation"
url: https://independentstockanalysis.com/oil-speculation/
description: "Busy day in the oil markets: Inventory, G7 and IEA head statements and oh yea, hurricane Isaac. Oil Declines From One-Week High on Isaac Landfall, G-7…"
published: 2012-08-29
updated: 2012-08-29
---

# Oil Speculation

Published 2012-08-29

Posted on

by

J.J. Butler

Busy day in the oil markets: Inventory, G7 and IEA head statements and oh yea, hurricane Isaac.

Oil Declines From One-Week High on Isaac Landfall, G-7 Statement at [Bloomberg](http://www.bloomberg.com/news/2012-08-29/oil-declines-from-one-week-high-on-isaac-landfall-g-7-statement.html).

“The oil and natural gas markets have become less vulnerable to hurricanes as a boom in onshore shale production redraws the North American energy map.” [Globe and Mail](http://www.theglobeandmail.com/globe-investor/why-energy-prices-arent-spiking-on-the-hurricane-threat/article4505947/)

IEA: Iran outage, high price don’t justify oil release at [Reuters](http://uk.reuters.com/article/2012/08/28/uk-iea-idUKBRE87R0A220120828?feedType=RSS&feedName=GCA-GoogleNewsUK).

The Eagle Ford may have the best returns, but the Bakken is the largest US shale oil play ([Million Dollar Way](http://www.milliondollarwayblog.com/2012/08/the-bakken-pool-trillion-barrel-reserve.html)). DEALTALK-Cheap Bakken shale oil cos ripe for acquisition at [Reuters](http://www.reuters.com/article/2012/08/27/bakkenshalecompanies-acquistions-idUSL4E8JO3OS20120827?feedType=RSS&feedName=rbssEnergyNews&rpc=43). Think efficiency gains and pad drilling: ND drill rig activity lowest in a year at [Prairie Business](http://www.prairiebizmag.com/event/article/id/243810/group/Energy/publisher_ID/40/).

I don’t believe in magic wands, but OECD demand destruction is underestimated: [Daily Finance](http://www.dailyfinance.com/2012/08/28/new-obama-mileage-standards-double-fuel-efficiency/). China’s share of world oil consumption by [History Squared](https://twitter.com/historysquared/status/240093379873091585/photo/1/large).

An interesting theory on oil and oil stocks: [Daily Wealth](http://www.dailywealth.com/2187/Two-Irrefutable-Signs-of-America-s-New-Energy-Dominance).