Hello and welcome to another edition of burrito bites! This week has seen natural gas spurred on once again by the expectation of production cuts to balance the market, while crude prices have seen a perfect storm of bearish news flow, from strong supply from Opec and in the US, to Euro debt concerns, to signs of a slowing Chinese economy. After a rather frazzling week, kick back, and relax with a snack:
—The Derby and the Dow.
–Everything you wanted to know about the Canadian oil sands.
–Quiztime! What’s the main ingredient?
–China’s looming conflict between water and energy.
–The world is not doing all that well on its climate goals.
–10 things you might not know about Maurice Sendak.
–Obesity in US means we consume 1 billion more gallons of gas than in 1960.
–A different way to look at China’s economy.
–7 downsides to being left-handed.
–LNG exports will not cause big price spike.
–Did, err, trapped wind kill the dinosaurs?
–Marginal cost of oil production is moving towards $100.
–Nat gas is essentially free in NGL production.
–7 things every Facebook user should know. (h/t Eric Bickel)
The Burrito Deluxe Award of the Week goes to (our boss) Schneider Electric’s acquisition of M&C Energy Group, to expand our global footprint (from huge to humongous).
The Burnt Burrito Award of the Week goes the home ownership rate, which has fallen to a sixteen-year low, even though mortgage rates just hit a record low also. The housing market will never recover at this rate.
Have an immense weekend!