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0 Nov 19 2010 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Natural Gas, risk management

Burrito Bites

Welcome to another Friday, and World Toilet Day to boot. With a short week for us here in the US next week, there will likely be no burrito bites, so I bid you happy Thanksgiving and happy shopping on black Friday. This week has brought us enough misadventures for two weeks it would seem, with Chinese interest rate rise worries and Irish bailout fears leaving markets spinning like a dervish. Crude has got walloped 9%, but has sniffed the smelling salts and is trying to clamber back to its feet again; meanwhile natural gas is once again sticking around $4 like glue, rising through the week on increasing heating demand forecasts, while limited by record storage and production levels. Enough of the intros, let’s get on with the show: 

–Canadian imports of natural gas set to slide.

–You need to know this about natural gas.

–We spend half our life daydreaming.

–Commodity speculators; Dr Evil or Drivel?

–Shale backlash – Pittsburgh bans natural gas drilling within city limits.

–Why are the roofs of school buses painted white

There will be fuel – good piece on how crude / nat gas will continue to dominate the energy landscape.

–All the US states through the medium of a TV show.

–IEA: Peak Oil has already passed. No, wait; it is inevitable.

Monkey crossing.

Diesel shortage hits China.

–Yesterday was Guinness World Records Day 2010.

China’s government doesn’t include biomass fuel – which makes it the world’s biggest energy user.

–What generation do you belong to? – this quick quiz guesses the year you were born.

The Burrito Deluxe Award of the Week goes to a record storage level for natural gas at 3,843 Bcf. Will it be beaten next week? It’s gonna be close…

The Burnt Burrito Award of the Week goes to crude oil; rallying to the high of the year, then promptly shedding 9%, what is that all about?!

Have a glorious weekend!

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