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2 Jan 21 2011 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

Hola, this week has seen prompt month natty suddenly climb to a 5-month high as persistently colder-than-norm temperatures and outlooks in key areas are uplifting demand and downtreading storage levels (…while the calendar strips still need CPR as they flatline). WTI crude has dropped back below $90 once more, on worries about China, China, China, and China (inflationary concerns there have caused funds to flee from commodities). Anyhow, as funds take flight, let’s hit up the bites:  

–Low natural gas prices are no boon for shale

North Dakota may dethrone Alaska as the largest oil producer in the US.

–Equities are in trouble…but only if the Jets win the Super Bowl.

Coal to rival oil by 2030.

–Energy intensity is converging across the world.

–The evolution of where the public gets its news.

–A photo finish for the warmest year on record.

–A ranked list of the best and worst jobs.

–A great summary of current oil subsidies over the globe.

Wikipedia ten years on.

–The ‘Friday-Monday’ effect exposed; the equity trade to make meelions.

Emission permits theft estimated at $37.7mln.

–The Red Cross uses solar powered pumps to increase water access in Sudan.

–Starbucks now does a cup bigger than your belly.

–Buddhist temple inspired by Superman, Spiderman, Batman, and Keanu Reeves. (h/t L Coffey)

The Burnt Burrito Deluxe Award of the week goes to China, for having data that was so good it was bad. Q4 GDP came in at +10.3% on the previous year, retail sales grew 19.1% on the previous year, and industrial production rose 15.7% on the previous year. Add to this a print of rising inflation (+4.6% year on year), and markets are prepared for further steps by the Chinese government to rein in inflation (side effect = reining in growth). Conclusion: worryng for global commodities. A longish story, but one worth telling.

Have a resplendent weekend!

2 Comments on this post:

  1. Erick Centeno says:

    Ok.. equities have nothing to worry about, ’cause Steelers are going to beat Jets this sunday. ;-)

  2. Matt Smith says:

    I admire your confidence, Erick…. time will tell if you are right!!

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