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0 Feb 19 2010 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

scary stuffAs we head towards the exit doors on another eventful week (aren’t they all?), markets have seen decent doses of both bearish scares and bullish affairs. Crude oil and equities have shown monstrous gains this week, while high storage levels and the impending end of winter (it’s got to be soon, surely…) has put the frighteners on natural gas, which is fleeing south back to $5. Some decent economic data was seen this week, from industrial production to leading indicators to benign inflation numbers, improving sentiment and whetting risk appetites once more (or are we creating a monster…?). Ramble over, feast your eyes on this week’s bites:

King Tut’s cause of death revealed.

Two great pieces on the Euro debacle – Greece or California, who would you rather be? and the Dutch join the Germans in rejecting a bailout.

Opec is short-sighted and sure (of peak oil).

Hydrogen is not the miracle fuel of the future.

Interview with the man, the myth, the legend –  Batman David Rosenberg.

This is totally great – 36 songs with the same 4 chords.

Green energy saving start at grass roots through door-to-door visits in Colorado.

Pope goes pop – Favorite tunes from the Vatican.

Natural gas under the influence of its ‘pipe dream‘.

The Burrito Deluxe Award of the week has to go to the Federal Reserve. There is a fantastic quote by Ashleigh Brilliant, who said ‘if you are careful, nothing bad or good will ever happen to you’. The Fed has stepped out of their comfort zone, and are attempting to bring some normalcy back into the marketplace. For right or for wrong, raising the discount rate is less of a bold move, and more of a bold statement of intent – something needs to be done to save the economy, and the Fed are willing to risk failure trying.

The Burnt Burrito Award of the week goes to US natural gas, as it skates dangerously close to the edge of a double-digit down week.

Have a splendid weekend!

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