0 Jul 1 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

Friday, a long weekend ahead, and Q3 kicked off - reasons to be cheerful, 1-2-3. And this week has brought the familiar twists and turns. Well actually, crude had been on the straight and narrow (higher) for most of this week, egged on by the exuberance of the response to the approval of a Greek austerity package, which has essentially ensured the survival of the Eurozone in its current form…for now. As for the good ship nat gas, it has shown moderate progress after bouncing from strong support around $4.20ish, as summer weather supports higher cooling demand, while the first-named storm of this Atlantic hurricane season reminds us we never know what is around the corner – so keep your eyes on the prize (exhibit 1, left). A long weekend awaits, so be sure to load up on sustenance:   

–Tycoon says Bakken field in North Dakota & Montana will yield 24 billion barrels.

–This little pig went to carbon market.

–10 buildings shaped like what they sell.

–France goes contrarian, pledges €1bn to nuclear power.

–A window that makes electricity.

–Beautifully happy and sad…photos re-staged.

–China is heading for a hard landing, Part 1Part 2 and Part 3. (China is an amazing story, Gary Shilling has an amazing mind).

–Why do airlines always lose money?

–Why rappers shouldn’t be currency traders.

–EPA: cheap natural gas will kill more coal plants than us.

–US can curb emissions even as it promotes oil economy.

–Flow charts at their very best. And 10 of them.

The Burrito Deluxe Award of the week goes to a long weekend for those of us in the US…Happy Independence Day! (down with the redcoats, etc, etc)

The Semi-Burnt Burrito Award of the week goes to global manufacturing data. Although China and the Eurozone saw expansion at their slowest pace since Feb 2009 and Dec 2009, respectively, the US saw expansion quicken for the first month in four.

The Secret Scrutinizer Award of the week goes to Ellen Stamm, for having an eagle eye at editing…muchas gracias!

Have a wonderful weekend.

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