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0 Dec 17 2010 @ 10:23am by Matt Smith in Crude Oil, Global Energy, Natural Gas

Burrito Bites

Twas the eighth day before Christmas, when all through the (commodity) house, not a market was stirring, not a bull, bear, or mouse……….crude oil has had the most dullest of weeks (barring weekly inventory shenanigans, see burnt burrito below), kicking about the high $80s as half-decent economic data and apathetic cheerleading from equities have been unable to motivate it. As for natural gas, it has got walloped as immediately colder weather is overshadowed by moderating forecasts into Yuletide. Meanwhile, supply continues to increase, leaving natty on a slippery slope lower, swinging on the monkey bar that is the $4 level once more. Anyhow, utensils at the ready for an infographic-tastic set of burrito bites:

–Infographic of how much the US subsidizes energy.

–Infographic showing the true cost of powering a light bulb for a year.

–Infographic of the subjective timeline of the best gifts ever.

–The (not so) curious case of the 9.8 million barrel crude stock drawdown.

–EIA release this week – what is shale gas and why is it so important?

–Geeks’ most beloved classic holiday films.

Extreme US weather we are seeing.

–Opec cheating the most since 2004.

15 groundbreaking inventions of 2010.

Coal imports may rise 78% to China, India.

–Markets in everything: rent a drinking buddy.

–Macy’s lighting retrofit will trim electricity bill by 73%.

–German man claims world title for Christmas tree throwing.

The Burrito Deluxe Award of the Week goes to Facebook founder Mark Zuckerberg, for winning Time’s Person of the Year 2010.

The Burnt Burrito Award of the Week goes to crude oil inventories for a Stewie-sized headfake (yep, that big), as a 9.9 million barrel draw was less about bullish demand, and more about end-of-year-stockpile-dwindling-tax-avoidance.

The Be Glad For What You Have Burrito Award of the Week goes to us all as kids write Santa this year for basic needs instead of toys.

Have a fab weekend!

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