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0 Sep 17 2010 @ 8:22am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

yoga bear

Good morning and welcome to another burrito bites. This week has seen natural gas grapple over the $4 mark, as hurricane activity in the Atlantic is becoming more crowded than a kitchen at a party (last time that two category four hurricanes were in the Atlantic at the same time, Al Jolson was topping the music charts…). Crude has gravitated back lower to the comfort of $75 after a pipeline outage gave prices a temporary tweak higher, while general markets have shown some optimism. Next week brings a bunch of housing data, so for now let’s look on the bright side, and demolish these delights:

–Will hurricanes continue to miss the Gulf? (h/t LZ)

Thick layer of oil found on the Gulf of Mexico seafloor.

–Your pants are lying to you

–Who killed the climate and energy bill?

–Crude oil contango and the Cushing Syndrome.

–Does drinking in college affect your grades? (Next week: Was Humpty Dumpty fat?).

Natural gas erodes coal’s share of US power production.

Four factors for energy’s future.

–The top words used on TV in the last year.

37 states hit nighttime high temperature record this summer.

–Firm handshake = a long life (probably).

–The great ethanol boondgoggle.

–First US tar sands project approved in Utah.

–Wonderful article – journalist gives credit cards to panhandlers, tracks what they buy.

–Natural gas may have jump-started oil eating bugs.

Yoga Bear.

The Burrito Deluxe Award of the Week is split between weekly crude inventories, which came in absolutely plumb in line with consensus (that never happens), and gold, as it reaches a new record high. Bravo!

The Burnt Burrito Award of the Week goes to NBP UK natural gas for being so subdued. This usually volatile commodity has traded sideways (flatlining) all week as maintenance season continues, while adequate supplies ease concerns. C’mon, buddy, show some life! Boo!

Have an inspired weekend!

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