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1 Sep 24 2010 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

'err, I'm not sure you should be that...HOOONNNNKKKK!'

Good day, and welcome to the first Autumnal Friday of the year. We are now into the thrusts of fall, completing the last full week of the quarter before we tumble into October. This week has seen crude continuing to hang around the $75 mark (although a Friday rally is underway), while natty has stuck around the $4 level (although a Friday sell-off is underway). Equities have had a good week, the dollar a poor one, while we found out this week that ‘the great recession’ ended in June 2009. Thank goodness for that. The weekend beckons, but in the meanwhile, keep rolling with the munches:

–US natural gas is ‘the American Idol’ of energy.

–An emotional week, as Wal-mart Senior VP wells up talking about sustainability.

–While Swiss Finance Minister gets the giggles.

‘Talk like a Pirate’ day and climate change.

–Record warm water temperatures could spur more hurricanes.

–All hail, shale.

Lettuce e-fit.

–IEA says BP oil spill will have little supply impact on medium-term offshore drilling.

–Meanwhile, fishing expands in the Gulf – only 13% of the Gulf’s waters are now closed.

–Subway trains set to generate power for the grid.

1 billion more gallons of gasoline used every year due to increasing weight of passengers.

albino hedgehog

–Defending the oil sands.

–Woman fights bear…..with courgette (= zucchini).

The Burrito Deluxe Award of the Week goes to equities, which have rallied strongly on a mixed bag of data, the announcement that the recession ended in June 2009 (no announcement when the depression is set to end), and on news from the Federal Reserve that they will not re-start quantitative easing. (yet).

The Burnt Burrito Award of the Week goes to the US dollar. The dollar has tumbled this week, as aforementioned quantitative easing would essentially devalue the dollar. This should be positive for crude, due to its inverse relationship, right? You would think so, but all matter of moves have been occurring this week… 

The Burrito Chart of the Week goes to housing starts versus the unemployment rate. Who is winning? Neither – both are stinky.

Have an illustrious weekend!

1 Comment on this post:

  1. Erick Centeno says:

    Fear the courgette, next weapon to be used to conquer the world!!! O.o

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