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0 Aug 13 2010 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Random

Burrito Bites

Arabian Sea, Aug 9

Happy Southpaw Day!

Stormy seas across the financial world have caused the good ship crude to roll over. Prices have charged lower through $80 as the Federal Reserve confirmed fears of a slowing US economy, while data from China has pointed to economic headwinds (…although self-inflicted, to quell inflationary squalls). US natural gas was buffeted lower at the beginning of the week, but has steadied the ship and has drifted sideways ever since. Equities have been looking like they want to visit Davy Jones’ locker, while bond prices are…King of the world! Ahoy, me hearties, grub’s up: 

–Ten stops on the road to carbon management – article by Summit’s John Hoekstra in GreenBiz this week.

–America’s energy future may lie in Canada’s oil sands.

–Fantastic infographic on the timeline for Back To The Future (h/t MK).

–China’s oil imports fall in July on curbed demand.

–Peak Oil proponent and energy legend / conspiracy theorist Matt Simmons died this week.

A reverse auction for energy efficiency grants.

That's your lotto.

–A hummer built with lottery tickets.

–IEA raises the global forecast for oil demand.

–What’s the carbon footprint of the internet?

Human domino world record.

–Sales of electric cars in Spain increase 16-fold from last year….to 16.

–Balloons glow to show air quality.

–Huge ice island could pose threat to oil, shipping. (h/t LB/NG)  

–A salute to Southpaws everywhere.

–Is Snooki our new investment guru?

The Burrito Deluxe Award of the Week goes to the bond market, for being the voice of reason and quietly pointing out for the past few months that all is not well in the US economy. 

The Burnt Burrito Award of the Week goes to black gold, Texas tea. Last week it boomed into the $80 realm in an over-excited reaction to manufacturing data, only to be brought back down to earth this week with all the gloomy talk and doomy data. 

Burrito Headline of the Week: Goat Rentals for Weed Control.

Burrito Word of the Week: Shaleapalooza.

Have a rip-roaring weekend!

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