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0 Oct 12 2012 @ 10:56am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Howdy, and welcome to another download of uplifting tales, from the energy to the odd! This week has seen the spotlight of the oil market swing away from the Euro debt crisis and onto geopolitical tension, as rising unrest betwixt Syria and Turkey is cranking up supply fears in the region, leaving oil prices to scramble higher.

As for natty, we have seen prices reach a high for the year as both storage surpluses and temperatures dwindle lower, while heating demand is ushered higher. Snacks ahoy:

–LNG: the cold facts about a hot commodity.

–10 states that use the most energy. (Yay, KY made #9!! …hang on…)

–The ten most lovable movie monsters of all time.

–Stunning photos of the energy source of the future….coal.

–Are natural gas vehicles the future of cars?

–20 nerdy science jokes (h/t Eric Bickel)

–The true cost of a PC versus a laptop.

–Thieves drill holes in gas tanks in NH, siphon gas.

–Researchers discover bacteria that produces pure gold.

–Europe’s monuments – what are they worth?

–Gas turbine sales gain amid Saudi’s solar shift.

–Artist recreates famous people through portraits on…his finger.

The Burrito Deluxe Award of the Week goes to the double-top in retail gasoline prices likely being in. Downside here we come. (Please??!!).

The Burnt Burrito Award of the Week goes to distillate inventories (= heating oil, diesel). Demand is down versus last year, while refining remains strong. Nonetheless, stockpiles sit below their 5-yr range. Why? exports. (which is fine, except that lower stockpiles put upward pressure on distillates compared to crude).

Have a fascinating weekend!

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