Happy Groundhog Day Eve! As Punxsutawney Phil completes his final workout ahead of his big day, commodityland™ closes the curtains on what has been another nutty week. Oil is pushing on to 4-month highs as momentum builds for a global recovery, while natural gas has seen its expectations for the rest of winter lowered, and prices have adjusted accordingly. But Phil’s shadow (or lack thereof) will give us more insight into that tomorrow. As for now, c’mon let’s chow:
–China nearly consumes as much coal as the rest of the world combined.
—Water demand for energy to double by 2035.
–Mafia involvement in…renewable energy?!
–Why shale is an economic game-changer that cannot be overhyped.
–US reverses away from goal of 1 million electric cars by 2015.
–25 unintentionally funny headlines.
–Infographic on gold: good or bad investment?
–Fat cat goes swimming to shed pounds.
–Tomorrow’s The Economist runs with a story on the same topic as yesterday’s burrito post.
–Facts on America’s energy bonanza.
–Something we have all wondered at one time or another: how many goats am I worth?
The Burrito Deluxe Award of the Week goes to ongoing decent economic data. Long may it continue!
The Burnt Burrito Award of the Week goes to the problems relating to the Seaway pipeline, and its potential impact on keeping the WTI/Brent spread blown out.
Have a super Super Bowl weekend!