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0 Aug 24 2012 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas, Random, risk management

Burrito bites

Happy Friday, one and all! As we near the peak of the Atlantic hurricane season (hark, 17 days to go), tropical activity is ramping up to lend support to natural gas prices (makes you wonder where natty would be without it), as the impact of warmer weather wanes as we shuffle toward shoulder season. Meanwhile, a combo of stimulus hopes and Euro debt crisis optimism lifts WTI to within swiping distance of triple-dollardom – all the while with geopolitical tension bubbling away in the background. Friday is here, nearly time to relax, but first let us feast on some informative snacks:

–US oil boom will transform the world (but not energy security).

Crude, dirty and dangerous: oil spills in the US.

–Quiz time! Who said it, Joe Biden or Michael Scott? Alternatively, Paul Ryan or Alex P. Keaton?

–Some amazing North Dakota oil facts.

scariest swimming pool ever?

–Coal mine plan shakes up Kentucky Girl Scout Camp.

–The scariest swimming pool ever?

–The cost of cool(ing).

–Infographic: Clean Energy jobs: Made In America.

–The 20 most-watched TED talks.

–US reliance on Saudi oil increasing again.

–US oil consumption declines to its lowest level since 1996.

–80-year old Spanish woman does world’s worst art restoration job.

–World oil transit choke points.

–The funniest jokes from this year’s Edinburgh comedy festival.

The Burrito Deluxe Award of the Week goes to the lack of price reaction by natural gas due to the official overruling of CSAPR (an air pollution rule which essentially targeted the closing of coal plants). The reality is low natural gas prices are already making coal-fired generation uncompetitive, without emissions being brought into the equation.

The Burnt Burrito Award of the Week goes to speculation of an emergency oil stock release in the US from the strategic petroleum reserve; such a move would be politically rather than fundamentally-driven.

Have a super duper weekend!

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