---
title: "Shale vs Net Export Oil"
url: https://independentstockanalysis.com/shale-vs-net-export-oil/
description: "Oil Trades Near Four-Month High on Signs of Improving Economy at Bloomberg . Gas rigs down 4, oil rigs up 4, rig count unchanged at Haynesville Play…"
published: 2012-09-17
updated: 2012-09-17
---

# Shale vs Net Export Oil

Published 2012-09-17

Posted on

by

J.J. Butler

Oil Trades Near Four-Month High on Signs of Improving Economy at [Bloomberg](http://www.bloomberg.com/news/2012-09-17/oil-trades-near-four-month-high-on-signs-of-improving-economy.html).

Gas rigs down 4, oil rigs up 4, rig count unchanged at [Haynesville Play](http://www.haynesvilleplay.com/2012/09/us-rig-count-unchanged-at-1864.html).

“Oil production from the North Dakota portion of the Bakken shale formation topped 600,000 barrels a day for the first time in July, up 69 percent from a year earlier.” [Fuel Fix](http://fuelfix.com/blog/2012/09/14/north-dakota%e2%80%99s-bakken-oil-output-passes-600000-barrels-a-day/)

Still bearish on pricing: [Raymond James](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm). Meanwhile, Crude oil ought to be $150 per barrel: Iran ([Reuters](http://www.reuters.com/article/2012/09/16/us-iran-oil-prices-idUSBRE88F0EQ20120916)). Think ‘net exports’ ([Saudi Gazette](http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20120916136293)). The Export Land Model: [Wikipedia](http://en.wikipedia.org/wiki/Export_Land_Model).

Japan aims to abandon nuclear power by 2030s at [Financial Post](http://business.financialpost.com/2012/09/14/japan-aims-to-abandon-nuclear-power-by-2030s/). “Right now Japan is replacing a lot of the power by revving up fossil fuel use.”

Dollar Destruction Has Been Good For Commodities by [All-Star Charts](http://allstarcharts.com/dollar-destruction-has-been-good-for-commodities/).