---
title: "Oil Stock Resolution"
url: https://independentstockanalysis.com/oil-stockresolution/
description: "Oil Declines From High as Crude Stocks Seen Rising at Bloomberg . Continental’s five year plan announced yesterday was in conjunction with the company’s…"
published: 2012-10-10
updated: 2012-10-10
---

# Oil Stock Resolution

Published 2012-10-10

Posted on

by

J.J. Butler

Oil Declines From High as Crude Stocks Seen Rising at [Bloomberg](http://www.bloomberg.com/news/2012-10-09/oil-declines-from-one-week-high-as-crude-stockpiles-seen-rising.html).

Continental’s five year plan announced yesterday was in conjunction with the company’s [Investor Day](http://phx.corporate-ir.net/phoenix.zhtml?c=197380&p=irol-EventDetails&EventId=4710955). A summery at [Million Dollar Way](http://www.milliondollarwayblog.com/2012/10/clrs-investor-day-presentation.html).

Report: Shale gas boom could echo across economy at [Fuel Fix](http://fuelfix.com/blog/2012/10/09/report-shale-gas-boom-could-echo-across-economy/). The full report: [PWC](http://www.pwc.com/en_US/us/industrial-products/assets/pwc-shale-gas-us-manufacturing-renaissance.pdf).

IEA sees Iraqi oil output doubling to 6.1 mil b/d in 2020 at [Platts](http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8801316). Maybe.

In addition to less teen driving increased fuel efficiency, US oil demand is falling as Small car sales may capture largest U.S. share since 1993 at [Auto News](http://www.autonews.com/apps/pbcs.dll/article?AID=/20121008/RETAIL01/121009895/small-car-sales-may-capture-largest-u-s-share-since-1993).

**Energy stock technical analysis and “the prospect of resolution from this massive symmetrical triangle looms large.” [Chess](http://ibankcoin.com/chessnwine/2012/10/09/we-interrupt-the-nasdaq-waterfall/)**

Market sectors five year performance at [Crossing Wall Street](http://www.crossingwallstreet.com/archives/2012/10/the-market-top-five-years-on.html).

EIA improves state-level monthly oil production estimates with up to 10 years of revisions from [EIA](http://www.eia.gov/todayinenergy/#tabs_SpotPriceSlider-1). The boom in Texas production, driven by the Eagle Ford and just getting started, was most interesting.