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1 May 28 2010 @ 9:08am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas, Random, Technology

Burrito bites

Another weird and wonderful week in markets….the DOW dropped below 10k again, only to bounce back above after China refuted that they were pulling out of investing in Europe (I’m still scratching my head as to why markets would rally like a bat out of hell on the denial of Chinese whispers – a denial of something negative is not a positive, but hey). Natty is limbering up, arching its back and stretching its legs as cooling demand and hurricane season are set to kick in, while data indicate further thawing for industrial demand. Meanwhile, crude has been teed up this week, as the fourball of equities, currencies, economic and oil-specific data have been hitting prices around, ultimately driving them higher. Feeling hungry? Feast your eyes on these:

–NOAA is predicting one of the worst hurricane seasons on record.

–A great infographic on the Gulf oil spill…..and another graphic on the plan to fix it.

–From one disaster to another; there’s a certain volcano in Iceland that is likely to erupt.

–Children more likely to own a cell phone than a book.

–Qatari LNG going to China…or is it? 

The winner of 'The Weirdest-Shaped Hot Air Balloon' World Championship

Is hydropower really a clean power source?

–Thinking about refinancing? 30-yr rates near all-time lows.

A photographic tour of a natural gas well at the Marcellus Shale.

–Elephant drinks hot tub dry.

–China – its overheating property market, and the likelihood of it double dipping.

–Economist Paul Krugman weighs in on the inflation debate, saying: when there is a flood you scream fire!

–A backlash against the backlash on Shale gas.

–The ipod revolution: a graphical representation of the history of the ipod.

16 things you can buy at a Chinese Walmart.

The Burnt Burrito Award of the week goes to BP; the oil spill is now the largest in US history.

The Burrito Deluxe Award of the week goes to long weekends – have a wonderful extended weekend / Memorial Day / Bank Holiday!

1 Comment on this post:

  1. Joe says:

    If I have said it once, I have said it a thousand times. NO ONE messes with Katla.

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