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2 Aug 5 2011 @ 10:58am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, risk management

Burrito bites

Yola! As you may well know, the first Friday of each month is my favorite day of the month, as the release of official US unemployment data brings unrivalled, voracious volatility to financial markets. But this week has been like a week of Nonfarm Fridays, as markets have twisted and turned, and ultimately, tumbled.

Monday’s debt ceiling resolution has been completely overshadowed by a bludgeoning bout of bad economic data, while today’s marginally upbeat employment data have been seemingly unable to resuscitate risk appetite. Crude has been down double digits in dollars this week, while natural gas has fallen back into three-dollardom. The move on natty is less to do with the economic panic, and more to do with another decent weekly injection into storage, moderating temperatures / tropical activity, while crude’s move is saying the end of the world recovery is nigh. Anyway, after this week’s acerbic swings, it is time to sit back and chill, with these not-so-bitter pills:

Sun and Wind and Rock and Roll.

 –Is the global natural gas market working?

–Mayor drives over cars in tank to enforce parking restrictions.

–California Soul shale.

–Coal’s share of US power hits a 30-year low.

–Real-life superheroes say crime hard to find.

–Our national debt = a stack of bills reaching to the moon.

–Ten ways we waste energy and water in buildings.

–Reducing the turbulence on trucks to increase fuel efficiency…and the improving aerodynamics of cars. 

Huge sinkhole appears under grandmother’s bed.

–Infographic on how China’s clean tech energy industry crushes the US. (h/t @EnergyMrktIntel)

–Which cities in the US spend the most on gas?

–Quiz time! Name the 8 mammals that have been into outer space.

–Q&A on what’s going on at Japan’s crippled nuclear power plant.

–25 cool and unusual clocks.

–Why you should stop worrying and learn to love the smart grid.

–Why Van Halen demanded ‘no brown M&Ms’.

The Burrito Deluxe Award of the Week goes to falling commodity prices bringing lower energy costs…as long as we take a pass on another recession, thank you very much.

The Burnt Burrito Award of the Week goes to the plethora of poor economic data this week which highlighted a faltering US economy. Time to buckle the seatbelts, it would seem.

Have a tremendous weekend!

2 Comments on this post:

  1. Bruce Frandsen says:

    Love the Van Halen no brown M&Ms’ piece. Hmmmmm…..an idea for our contracts….

  2. Matt Smith says:

    Yeah, it completely rationalizes something which initiallly seems ridiculous. Is absolutely brilliant…and I completely endorse inserting it into contracts. Rock on!

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