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2 Feb 4 2011 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Natural Gas

Burrito bites

Good day! It’s been a week of extreme emotions; happy times as Punxsutawney Phil declared an early spring and China celebrated a New Year, while on the downside the news has been dominated by the unrest seen in Cairo, Egypt. Despite this first week of the month being heavy on the economic data front, concerns about the unrest spreading to the oil-rich countries of the Middle East has dictated the movement in the crude complex. Worrying? I should cocoa. As for natural gas, it was Groundhog Day again on Wednesday Thursday; just like the prior week a bullish storage print provoked a bearish response. Next week brings more energy-specific newsflow with the EIA monthly report, but for now let’s rebuff the bad news and hit the buffet:

 –WTI / Brent arbitrage may be solved by products, not crude.   

–Shale is a game changer, but LNG exports…?

–For those that loved the Hey Jude flowchart link last week….the flowchart for Total Eclipse Of The Heart.

–Marcellus Shale set to export natty?

–Infographic on if a Smart Grid was implemented in the US by 2030.

–Lower thermostat to low 60s and lose weight.

–Meanwhile, the globe feels hotter when in a warm room.

–Literally a carbon footprint of the world.

–Seven things you should never do on Facebook.

–Study says world energy can be 95% renewable by 2050.

–Pump prices could hit $3.50 by spring.

–Energy efficiency leads to higher CO2 emissions?

–The most unusual requests received by cabin crew.

The Burrito Deluxe Award of the Week goes to ISM data in the US. Manufacturing data showed its quickest pace of expansion since 2004, while non-manufacturing (= services industry) expanded at its fastest rate since 2005. Encouraging signs for the US economy. 

The Burnt Burrito Award of the Week goes to US natural gas. Another bullishly large withdrawal from storage this week drove stock levels into a deficit versus last year. Add to this inclement weather across much of the US, and yet prices have sold off.  

The Burrito Fun Quiz of the Week goes to the Lego album quiz.

Have a wondrous weekend!

2 Comments on this post:

  1. Ginny says:

    Referencing the phrase, “I should cocoa.”: Did you mean this as “I should say so” or as “I should think not”?

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