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0 Jan 28 2011 @ 10:50am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

Yo hey, we have made it to the end of another week. Natural gas has made a five-month high on the prompt. Natural gas has made a one-month low on the prompt. Yes, natural gas has been all over the shop (although the Cal12 strip has swan-dived below $5). WTI crude oil is seeing some late buying after what can only be described as a torrid week for the US benchmark, as it has been shunned like a red-headed stepchild for high inventories at Cushing, OK, where it is priced – and disowned by the rest of the crude complex. Inbetwixt this nuttiness, Japan has been downgraded, housing data has been eclectic, and New York has had a snow day. February rolls around next week (already, wowee), so let’s celebrate slinging out January, and lettuce prepare (worst pun ever) for the year of the Rabbit on February 3rd. Hark, chow’s up so let’s chow down: 

–IEA doubles global natural gas reserve estimates.

–Energy efficiency could cut world energy use by 70%.

–Tuesday Morning at 10am is the most stressful time of the week.

–Despite the Gulf spill moratorium fallout, 168,000 barrels/day could be coming from the Gulf in 2011.

–What causes people to drive less?

Hey Jude Flowchart. (is awesome).

–Pretty crazy picture of Australian mine before and after flood.

Solar vs shale.

–Pirate ransoms rise 36-fold in 5 years.

–The Economist debates: Will natural gas do more to limit carbon emissions than renewables?

–How shale gas can trump oil sands.

–Because we have all wondered it… Groupon makes money.

Future of Algae = tbc.

–China closes cave school ‘because it makes nation look like Neanderthals’.

–More on WTI / Brent crude spread going ballistic, and alternatively Brent is now the imperiled one. Oh, and just one bit more. (h/t C Barnett)

–Cat born in tree refuses to come down.

Thank you to those who submitted suggestions of songs for last week’s post on Bob Dylan; the Burrito Deluxe Award of the Week goes to PDX,  for their choice of Little Walter’s My Babe. You shall have a burrito on the burrito!

The Burnt Burrito Award of the Week goes to WTI crude oil, for swiftly shedding its status as a global benchmark for crude oil.

Have a wunderbar weekend!

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