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0 Jun 17 2011 @ 10:56am by Matt Smith in Crude Oil, Global Energy, Natural Gas

Burrito bites

Salutations! This week brought less clarity and more volatility for crude oil, as European debt woes and mixed economic data have pummeled crude to steep losses, as the market weighs up the impact on oil demand from a potentially slowing global economy. Meanwhile, in Natgasworld™, moderating temperatures have flipped the prompt month on its head, sending it for five consecutive days of drubbing. Next week should be mucho controversial, with the Federal Reserve’s meeting and comments, and resolution (or not) to the Greece debacle. But while we still have the chance, let’s face the music…and chow:

 –Nat gas production at record as shale puzzle solved.

–Whiskey and the green energy revolution.

–This week’s chosen topics for a quiz:  hurricane or not or……slogans of cheap beers. (I will reveal next week which link was more popular…)

–All hail the tale that is the shale gale!

–Eliminate uncertainty and you eliminate markets.

–How many calories can you get for $1?

–IEA fears for higher emissions, should nuclear power be cut.

–Interesting interview with media recluse Bill Gates.

–Libyan rebels seek $3.5bln in aid as oil production halts.

–Expensive typo from Goldman Sachs.

–The world’s population, squeezed into certain cities.

–Japanese company plans to turn moon into massive solar panel.

–Two thirds of energy used by your DVR box occurs when you are not watching it (h/t @energy_hero)

–Ten places with strange names, and how they got them.

The Burrito Deluxe Award of the Week goes to gasoline inventories. They have now been building for six consecutive weeks, after eleven consecutive weeks of draws. Meanwhile, the US average retail price tip-toes lower, now down to $3.675.  

The Burnt Burrito Award of the Week goes to Greece. Whether another debt restructuring package is immediately decided on or not, it becomes increasingly impossible to see how this situation is going to end without them defaulting. Great commentaries here from my old buddies at RMG, and here from The Daily Reckoning.

Have a grand weekend!

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