Happy Friday! As the see-saw of time sends us tipping into the second half of the year, we have had an exceedingly interesting week indeed for both natural gas and oil. Natty pushed through resistance to make a six-month high, before panicking and scarpering lower again despite a heat wave engulfing the US to spur on cooling demand. As for oil, a descent to eight-month lows for WTI has been met by an effervescent rally, due to a bit of good news out of Europe (a refreshing change indeed). As we approach the weekend…burrito bites are your friend!:
–No peak oil as global production ramps up.
–Natgas cars can drive us to work a better economy.
–15 maps that explain the entire world.
–A hybrid approach to solar power.
–The arithmetic of shale gas.
–Happy-go-lucky chart: what killed us in 1900 versus what kills us now.
–Gasoline prices = 84 cents + Brent crude*2.5%
–10 electricity-free iPhone speakers.
–Call a timeout on US natural gas exports.
–Growth of the basketball uniform.
–Infographic: The economic impact of the London Olympics. (h/t Jennifer Simmans)
–A novel way to clean wastewater.
–10 video game-themed bathrooms.
The Burnt Burrito Award of the Week goes to the oil glut at Cushing. Despite the reversal of the Seaway pipeline, stockpiles are still at a record 47 million barrels.
The Burrito Stat of the Week: An acre of corn generates 300 gallons of ethanol per year, while an acre of algae can produce 6,000 to 10,000 gallons of light sweet crude oil.
Have a cool weekend!