---
title: "Wide Oil"
url: https://independentstockanalysis.com/wide-oil/
description: "“The books that line my desk reflect how much has changed in the oil and natural gas industry in the past five years.” News OK Jeff Rubin wrote one of…"
published: 2012-10-09
updated: 2012-10-09
---

# Wide Oil

Published 2012-10-09

Posted on

by

J.J. Butler

“The books that line my desk reflect how much has changed in the oil and natural gas industry in the past five years.”  [News OK](http://newsok.com/changes-in-oil-natural-gas-industries-catch-some-producers-by-surprise/article/3715881)

Jeff Rubin wrote one of those books: “If we know anything about what makes our economy tick we know this: Feed it cheap oil and it runs like a charm. But keep it rationed to expensive fuel, and growth stops dead.” [Globe and Mail](http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/jeff-rubin-slowing-economies-fuel-an-environmental-opportunity/article4596911/)

Oil Rises First Time in 3 Days; Brent Gap Widest in Year at [Bloomberg](http://www.bloomberg.com/news/2012-10-09/oil-rises-first-time-in-three-days-as-discount-to-brent-widens.html). Brent, WTI Gap at Widest Since Last October at [WSJ](http://blogs.wsj.com/source/2012/10/08/brent-wti-gap-at-widest-since-last-october/).

“The price oil sands producers receive fell to $38 a barrel below the international benchmark after a $3.50 widening to $14.75 of the spread between the price of Western Canada Select – a blend of heavy oil sands crude and conventional oil – and US crude.” [Mining](http://www.mining.com/looking-for-cheap-oil-look-no-further-than-canada-48362/)

Harold Hamm’s Continental Resources (CLR) is the largest Bakken oil and gas producer and regularly beats expectations. CLR’s new [five year plan](http://finance.yahoo.com/news/continental-resources-announces-five-plan-201500822.html)has the company tripling production by 2017 to 300,000 barrels a day. Shale doubters can trip over this one! *ISA* reminds reader price is the key risk to getting there.

USGS Releases First Assessment of Shale Gas Resources in the Utica Shale: 38 trillion cubic feet from [USGS](http://www.usgs.gov/newsroom/article.asp?ID=3419&from=rss).

So Ohio is going to be the next state to benefit from the shale boom: [Salem News](http://www.salemnews.net/page/content.detail/id/558667/Shale-seen-as--10B-boost-to-Ohio-economy-by-2014.html?nav=5007). Maybe Michigan too: [Midland Daily News](http://www.ourmidland.com/opinion/sopinioncolumns/article_82b28e00-61ca-5ba8-81a7-2855d170542a.html).

An extensive check on the pulse of the energy sector: [All Star Charts](http://allstarcharts.com/breaking-down-the-energy-sector/).

Bakken Shale Potential Benefits Infographic from Hart Energy via [AOL Energy](http://energy.aol.com/2012/10/08/bakken-shale-potential-benefits-infographic/?utm_source=dlvr.it&utm_medium=twitter):