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1 Jul 22 2011 @ 10:44am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, risk management

Burrito bites

Hey y’all. It has been yet-yet-yet one more eventful week in commodityworld™, as the latest Greek bailout has lent support to general markets. Crude has approached the door of $100, only to knock-and-run, while natural gas waited until an in-line storage injection before backpedaling. For this week, less chat / more snacks:         

–Venezuela passes Saudi Arabia in proven oil reserves.

–How dependent are we on foreign oil?

–The top 20 states with the most toxic air.

–The world’s weirdest hotels.

–The solar panel effect on home sales.

–Bloomberg profile of Michael Burry (the guy who shorted sub-prime housing and made a killing)  .

–For energy regulation, the next step needs to be action.

–Bee-wear! (wins the awful burrito pun of the week award) – China’s bee-wearing competition.

–The Groupon of solar power.

–Shopping with a cart rather than a basket means you make healthier choices.

–Kuwait, leading oil exporter, imports LNG. (h/t J Correll)

25 brand names people use as generic terms.

The Burrito Deluxe Award of the Week goes to refinery utilization in the US, which reaches a record high for this year at 90.3%. All we need now is gasoline inventories to build, and prices to fall… 

The Burnt Burrito Award of the Week goes to US temperatures. Yesterday 40 states topped 90 degrees, while 17 topped 100 degrees. (h/t @LizdeCastro)

 Try and have a cool weekend!

1 Comment on this post:

  1. Brzezinski says:

    the weirdest hotel is actual ‘house’ in china, without decoration.

    Michael Burry’s story is encouraging. I am presently long on A-share until mid or early 2012. If that works, I will have the capital to short index futures. This strategy is implied in the aforementioned war-prophet’s new book, published in May. He kind of predicted the Libya unrest when his book was in censorship.The censorship lasted long because a)the publisher invited a general to write a foreword to make sure his view on military was no amateur; b) of political issue

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