It is with a hint of bemusement and a pinch of pride that I introduce you to the 100th edition of Burrito bites. Not quite sure how it got to this milestone…but welcome!
And it’s been another corker of a week in Commodityland™, as crude has been pressured lower by France joining the choir for a release from emergency oil stockpiles, before supply loss fears from Iran have rebutted a price fall once more. As for natural gas, it has hovered around the middle of the $2.20 – $2.40 range it has held for most of the month as an early start to injection season for storage has kept prices anchored close to the shores of 10-year lows. But that’s enough for now, let’s hit the chow!
–Nat gas vehicles on a large scale is still a dream for now.
–Obama’s speedy Keystone review won’t accelerate Cushing pipeline.
–Quiz-time! Sweet Sixteen Coach or Teen Pop Star?
–Bargain-hunting Americans drive to Mexico for cheap gas.
–Infographic: How to get a promotion.(if this isn’t the most popular clicked-on link this week, I will eat my sombrero).
–10 surprisingly easy sources of alternative energy.
–Oil under our noses – a simple explanation on the current domestic dilemma.
–Infographic: Difference between the 1940 and 2010 Census.
-The 10 highest rated TV finales.
–There is no free market in oil.
–China shale gas…the new frontier.
–15 ways to stop procrastinating.
–Space-based solar power.
–Top 10 reasons why Darth Vadar was an amazing project manager. (awesome).
The Burrito Deluxe Award of the Week goes to the Saudi Arabian oil minister Ali al-Naimi and his valiant attempts to calm the crude market. Among 73 different bearish soundbites he gave at a briefing on Wednesday, his quote “If you believe Hormuz will be closed, I will sell you the Empire State or the Egyptian pyramids,” was the highlight. (I’m still trying to get him to make me a bid-offer spread on a pyramid, but he won’t return my calls…).
The Burnt Burrito Award of the Week goes to US housing data released this week. Although housing has been in a bear market for over half a decade, there are few signs of any brisk turnaround based on this week’s data.
Have a magnanimous weekend!