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0 Apr 9 2010 @ 9:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Ok, duders, spring is here, so let me spell out what that means for our dearly beloved commodity markets: 

Seasonal withdrawals to UK natural gas storage end as heating demand wanes
Predictions for the coming Atlantic hurricane season appear, to shake up shoulder month serenity 
Run rates at refineries increase in anticipation of higher seasonal demand for oil products
Inventories for gasoline are drawn down, as demand ramps up into driving season
Natural gas storage levels in the US start to increase again as injection season starts
Gradual transition from heating to cooling demand is a large influence on US natural gas prices   

Ok, enough tomfoolery, lets tuck into some grub: 

Peeps show

–Big news for natty this week, as the EIA announces they are to make a large revision to US natural gas production data, and get a good deal of  press / grief about it……..Energy Burrito steps up to the plate and guest posts for the Houston Chronicle to try and clear up the issue.

Peeps show – dioramas made from Peeps. 

–An Op-Ed by Michael Burry – the genius dude who shorted subprime – asking if he saw the housing crash coming, why didn’t the Fed? 

–will a product squeeze see crude prices keep rising? 

World Cup beer goggles – how the tournament will (or will not) boost local beer sales. 

–This may just be markets being nutty, but highlights again why markets are so amazing…no-one knows what is going to happen – dumping of Greek debt signals potential default within two weeks.   

–coal industry braces itself for interesting times.

–Firemen free toddler from soup pan (“he’d wanted to see what the inside of the pot looked like”).  

–the always-interesting monthly investment outlook from PIMCO

–Thief posts himself into buildings, robs them, posts himself home. 

A matrix plotting how tasty fruit is versus how easy it is to eat.

The Burrito Deluxe Award of the week goes to pending home sales, bucking the trend of recent dismal housing data. The housing double dip may not be underway afterall. (maybe. just yet).

The Burnt Burrito Award of the week goes to the EIA for confusing the pants off the US natural gas market. 

The lighthearted image of the week goes to this fruit matrix.

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