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1 Feb 11 2011 @ 10:51am by Matt Smith in Capital Markets, Crude Oil, Global Energy, Natural Gas, Random

Burrito bites

I figured with all the fireworks of the last week, I could show a picture of real fireworks and they would look serene in comparison (and they do, don’t you think?). What was supposed to be a quiet week in keeping with the dearth of economic data has turned out to be a flourish of firecrackers of information, fired across the bows of markets. We had the usual EIA monthly report, which unsurprisingly thrust an accusatory finger toward strong storage and staunch production in 2011 for natural gas, while crude had upward revisions for global oil demand from the three muskateers amigos that are the aforementioned EIA, along with the IEA and Opec. As for price movement, natural gas has swung below the monkey-bar of $4 again, on the gruesome twosome of moderating weather (h/t Punxsutawney Phil) and err, another bullish storage number (go figure). Crude has been under the influence of Egyptian unrest, although fortunately it looks like we have a happy ending to the debacle. As the week finishes with a bang, let’s instead finish with a bite: 

 –New drilling method opens vast oil fields in US, leading to the question does a drilling boom beckon?

–Decent summary of why Egypt’s oil is not being impacted.

EnergyEnigma™ – a crossword from The WaterCooler.

–Mythbusters: Does leaving a light on save electricity?

–Oil has joined the past, natural gas is the future.

Bacon alarm clock.

–Leaked documents reveal US concerns over Saudi ‘peak oil’.

–A flashmob…of gnomes?!

–Power spikes drive Texas electric retailer out of business.

–Theme park ride moved after ghostly sightings. (h/t B Dickerson)

–WTI-Brent price divergence hits record $16.

–It’s a hard knock life…for witches. (h/t K Evans)

The Burrito Deluxe Award of the Week goes to Summit for winning the Carbon Accounting Software World Championship.

The Burnt Burrito Award of the Week goes to Egypt’s President Mubarak.

Have a great weekend…next week I’m doubling down on posts with a themed week – should be good (I hope). In the meantime, please send any good ideas for features to improve the bites. Please add as a comment; as always, you will be rewarded with an ever-so-late burrito-type prize (…last winner Eric in Portland, Oregon: I am having trouble buying a giftcard from your favorite burrito joint – but here’s a picture of it to tide you over). Rock on, one and all!

1 Comment on this post:

  1. Burritofan says:

    if you can get a gift card from that burrito stand, you’re one impressive man

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