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0 Jul 15 2011 @ 10:55am by Matt Smith in Biofuels, Crude Oil, Global Energy, Natural Gas

Burrito bites

Welcome to another Friday, as we charge into the second half of July. Natural gas is having a strong end to the week, back in the middle of the $4 to $5 range it has been pinging around in for this year, while crude oil is bamboozled to ebb and flow but ultimately remain in the mid-$90s. Continued warmer weather outlooks are supporting natty, while crude is flailing on concerns of a stuttering global economy, intermittently spurred on by bouts of bullishness (on rumors of bailouts, QE3, etc). Without further ado, let’s chew!:  

–More than half the energy produced in the US isn’t put to use. 

–Corn is now officially a fuel crop, with more used for ethanol than food.  

–Ok, I’ll fold and include a Harry Potter reference…how much it costs to go to Hogwarts

–How China put global warming on pause (by blotting out the sun with pollution). 

–How seawater can power the world. 

–Owl flies straight into window, leaves imprint.

–A Shale oil revolution – for both the US and Argentina.

–Simple yet genius: hotel rooms that only power up when you’re there

–Following on from yesterday’s burrito post, Chesapeake Energy is to invest $1 bln to speed up nat gas use for vehicles.

–Ok, another Potter reference…franchises are the way to go in the movie industry, along with Netflix favorites by location.

–Cool infographic on renewable energy. (h/t @lattmee)

–America’s fattest states

–China and developing world beats Europe in green investment

–‘Pastafarian‘ (love it) wins right to wear pasta strainer for driving license photo.

The Burrito Deluxe Award of the Week goes to the natural gas storage, which continues to narrow the deficit to last year, slowly but surely (…218 Bcf and shrinking). 

The Burnt Burrito Award of the Week goes to two letters and a number – QE3. The increasing regularity of these three digits in the media this week highlights the weakness seen in the US economy. Worrisome.

The Burrito ‘If Only it Were True’ Award of the Week goes to…’red wine could have the same effects as exercise‘.

The Burrito Word of the Week goes to ‘Carmageddon‘ (with pastafarian a close second). Take heed in California this weekend!

May your weekend be more fun than a bundleful of cheetah cubs.

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