Happy Friday 13th! The movement in Commodityland™ this week has been far less scary than it could have been; crude has avoided a horror story, being as choppy as an axe-murderer but ultimately trading sideways. Meanwhile, natural gas has avoided the chop, pretending to be the undead and flatlining all week (taking a shoulder-month snooze, it would seem). But enough of frights, let’s hit the bites:
–US traders use river transport to profit from oil glut.
–When a sell-off in commodities is good news.
–Sitting kills! (the infographic).
–DOE testing technology to clean up fracking water.
–1 in 7 Americans is on foodstamps.
–Explanations behind why 10 celebs have funny names.
–What onions can teach us about oil prices.
–Great post from The WaterCooler – some thoughts on the Japanese nuclear incident.
–France to ban fracking of fossil fuels.
–4 injured in ipad fight at Apple store in Beijing.
–Cheap gas leads power industry to rethink options.
–Frack attack – Obama forms panel to improve fracking safety.
–10 coolest hidden doors and secret passageways!
The Burrito Deluxe Award of the Week goes to better-than-expected economic growth in the Eurozone, as illustrated in Q1 data released today.
The Burnt Burrito Award of the Week goes to…..oh, go on then, gasoline prices. The national average retail price remains at a record high at $3.98, despite the Nymex-traded gasoline contract (=Rbob) falling 12% since late April. Hmm.
Have a carefree weekend!