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

Burrito Bites

'Bring your pet to the Apple store' day

And please put your hands together for ‘Peak of the Hurricane Season’ Day. September 10th is the day which marks the statistical top for hurricane activity in the Atlantic (based on past data – see previous burrito post), and accordingly natural gas is rallying into the weekend on a potential storm nearing the Gulf of Mexico (and the subsequent oil and gas production that resides there). Prior to this, natty has had a subdued week, easing lower with the general temperature of the US. Crude continues to bluff, baffle and bamboozle the market as it swings from looking tired to tenacious and back again, while ultimately remaining magnetized to oscillate around the $75 level. Enough chat, let’s chow:   

–Talkin’ ’bout a (shale) revolution on the good old BBC.   

–The nitty-gritty on the BP oil spill report, also known as it was the cement’s fault.  

–We crave cash more than brains, youth or good looks.  

–Surge in natural gas production is lowering emissions.  

–BP was Google Adwords biggest spender  post the Gulf disaster.  

–A visual guide to deflation (probably good prep).  

–Mexican drug cartels are crippling oil and natural gas production.

–Artist Banksy makes anti-BP installation.

Timeline: 50 years of Opec.  

–US is addicted to Olive Garden.  

Algae biofuels roadmap (all 140 pages of it…a long road).  

–Pelosi and Markey take a trip to the Canadian Oil Sands.  

–China blacks out towns to meet energy goal.  

Buzz Lightyear carrot lookey-likey.  

The Burrito Deluxe Award of the week goes to Chinese crude imports, which climbed 10% in August versus July, against the expectation that they would be suppressed by a slowing Chinese economy. 

The Burnt Burrito Award of the week goes to leaky pipelines. Crude has been pushed to a three-week high as a pipeline between Canada and the US has been closed due to a leak. The pipeline transports approximately a quarter of all crude into the US and its refineries – meaning possible rising gas prices on the Starboard bow for Summit’s Louisville contingent. 

bear care

The Burrito Quote of the Week: ‘It’s not a good sign when the  government has to intervene to prevent a run on a Bank that is already owned by the government’ –from this article on Ireland.  

The Just Plain Wrongwrongwrong Burrito fact of the week: 3% of Twitter’s servers are said to be dedicated to Justin  Bieber.  
 
Have a rock n’ roll weekend!

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