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2 Mar 4 2011 @ 10:59am by Matt Smith in Capital Markets, Crude Oil, Economy, energy consulting, Global Energy, Natural Gas

Burrito bites

This picture makes my life better by its very existence. I bid you good day and welcome to another Nonfarm Friday. We have prevailed through what has been another doozie of a week in the Middle East, the comeuppance of which has been further instability and little resolution (okay, none). Crude markets have reflected this by creeping higher, while back in naturalgasworld™, the impending end of winter and a flip-flop back to a surplus for storage levels (vs last year) has restrained prompt prices below $4. It’s been a great week for interesting tidbits, so let’s get stuck in:

Record output for natural gas in 2010 (and a 7-yr low for residential prices). 

–Why am I paying $4 for gas when my neighbor isn’t? Or…gasoline and its odd reactions.

–Teller accidentally locks baby in bank vault.

–New battle lines are drawn over the fight for Pennsylvania gas.

First drilling permit is issued after gulf spill…and what to watch going forward…as BP gets back into the game.

Infographic-tastic from The WaterCooler!

–Q: How many different ways to spell ‘Gaddafi‘? A: 112  (h/t J Correll)

–UPS switches some vehicles from diesel to LNG.

Maritime chokepoints critical to petroleum markets.

–Even Angry Birds is attempting to become more sustainable. 

–From toilet to tap – recycling water.

–And while on that theme, people with full bladders make better decisions.

–Infographic about how Netflix bankrupted Blockbuster. (Anti-disclaimer: I love Netflix).

–Country singer’s lament about gas prices. (h/t L Bates)

–This is totally great – life’s too short to have the wrong job.

Post earthquake - Christchurch, NZ

The Burrito Deluxe Award of the Week goes to US economic data. Despite being out of the spotlight somewhat due to geopolitical issues in the world, we have seen encouraging data from the stalwarts of manufacturing, services and employment (jobless claims were decent, even if Nonfarm payrolls can be scrutinized).

The Burnt Burrito Award of the Week goes to Portugal; err, they are about to go bankrupt get bailed out.

The Burrito Inescapable Theme of the Week (barring Middle East issues) goes to world food prices hitting a record, with rising  commodity prices being singled out as a driving force behind the move.

Have a charming weekend!

2 Comments on this post:

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