---
title: "Robust Oil"
url: https://independentstockanalysis.com/robust-oil/
description: "Oil Rises to Highest in One Week on Stimulus Speculation at Bloomberg . Did you know Gasoline Costs In 2011 Hit Record Average of $2,850 ? ( John Hanger…"
published: 2012-09-04
updated: 2012-09-04
---

# Robust Oil

Published 2012-09-04

Posted on

by

J.J. Butler

Oil Rises to Highest in One Week on Stimulus Speculation at [Bloomberg](http://www.bloomberg.com/news/2012-09-03/oil-rises-to-highest-in-one-week-on-stimulus-speculation.html).

Did you know Gasoline Costs In 2011 Hit Record Average of $2,850? ([John Hanger](http://johnhanger.blogspot.co.uk/2012/08/gasoline-costs-in-2011-hit-record.html)). No wonder Lessons from the 2011 oil release are discussed ([Financial Post](http://business.financialpost.com/2012/08/30/lessons-from-the-2011-oil-release/)).

U.S. crude oil production was higher by 13% in January thru June over 2011 ([EIA](http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm)). Net petroleum imports were down 13% too ([EIA](http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbblpd_m.htm)).

Gas Supply Growth Set to Wane in 2013, Oil Wave Still Building at [Raymond James](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm).

Oil rigs were up and gas rigs down ([Haynesville Play](http://www.haynesvilleplay.com/2012/08/us-rig-count-4-to-1894.html)), especially in the Eagle Ford ([E/F Play](http://eaglefordshale.com/drilling-rig-count/eagle-ford-shale-regional-rig-count-at-270-august-31-2012/#.UEEpWodYF44.twitter)). Perhaps he’s on to something: A Simmon’s analyst asserts **natural gas needs the oil price to be lower** at [Barron’s](http://online.barrons.com/article/SB50001424053111903904904577615400549462454.html?mod=googlenews_barrons#text.print) (google the title to read the whole article).

Russian oil production hits post-Soviet record at the [Telegraph](http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9515595/Russian-oil-production-hits-post-Soviet-record.html). Meanwhile, the Russians are fearful shale gas with end their energy [stranglehold over Europe](http://english.ruvr.ru/2012_09_03/Gazprom-may-have-problems/).

Pent up demand exits in Japan: [Platts](http://blogs.platts.com/2012/08/31/japan-used/).

Crude Oil Weekly Technical Outlook at [Oil N Gold](http://www.oilngold.com/ong-focus/technical/crude-oil-weekly-technical-outlook-2012090122845/).