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0 Sep 3 2010 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

NASA image of Hurricane Earl

Another Nonfarm Friday appears in our rear-view, as we speed towards fall. Markets have had a surprisingly good week, as economic data has predominantly come in better than expected, shaking up the economic picture that little bit more. Crude is back around the mid-$70s, while natural gas is edging towards $4 once again as we approach the peak of hurricane season next Friday. A long weekend deserves a long applause; please dine on these delacacies before checking out:

Another oil rig explodes in the Gulf of Mexico, but apparently there’s no sheen, the fire’s out, and the workers are safe

–Fracking yields fuel and fear in the Northeast. 

–Men waste GBP2,000 in fuel while lost because they won’t ask for directions

–Dispersants may delay the recovery of the Gulf by decades.

–The world’s largest solar plant.

Janmashtami festival, India

–Are TV ads more effective if we pay less attention?

–A new US oil rush (= the Bakken Shale) could rock Opec.  

–Iran issues fatwa against pets.

–Proposed new fuel economy stickers for cars.

–Mexican drug gang is hiring ‘pretty’ hitwomen.

–Tapping the energy below the earth’s surface

–Rage Against the Machine. (the vending machine). 

–Love and hate and shale

–Prince Charles urges people to wear old clothes

–A case study on Iowa – the Saudi Arabia of ethanol. (by one of ethanol’s biggest critics).

–Gold 101: Who’s got it, and who’s finding it

–Think a deep-fried twinkie is weird? How about deep-fried beer.  

The Burrito Deluxe Award of the week goes to economic data. Weirdly weird positive prints (= above consensus) for the two key data points of Nonfarm Payrolls and ISM manufacturing have given a more positive hue to markets this week.  

The Burnt Burrito Award of the week goes to fires in the Gulf of Mexico. And to sensationalist journalism, for the use of words like ‘explosion’ and ‘oil sheen’, when it was a fire and there were no active wells.

Have a stupendously good weekend!

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