Good day! March madness is already underway, despite it being Non-Nonfarm Friday (no jobs data ’til next week). A fearful start to the month adds a cherry to the top of crude’s bearish week, as mixed economic data sends prices spiraling lower. Meanwhile, natural gas is sticking to the mid-three dollar mark like glue, as the prospect of the end of winter mitigates the impact of it still feeling like it. Pinch, punch, first snacks of the month:
—Solar may eclipse oil in fifty years.
–But actually, natural gas should become the world’s energy backbone (says the same report).
–8 things you (maybe) didn’t know about girl scout cookies.
—Better out than in. (LNG exports that is).
–US crude export ban is no match for lightest US shale oil.
–Man stopped at Gatwick airport with 207lbs of caterpillers.
–China’s natural gas drive to take foot off the pedal of crude demand.
–5-year old racks up $2.5k debt on ipad in 10 minutes.
–Underground nuclear tanks leaking in Washington State.
—25 bizarre laws that don’t make any sense.
The Burrito Deluxe Award of the Week goes to the pursuit of energy independence, as Texas oil output has doubled in the last three years, reversing a 23 year decline.
The Burnt Burrito Award of the Week goes to the one cent coin. It costs more than one cent to make a one cent coin, and the US government spent $116 million doing that last year. Be done with it!
Have a mad weekend!