Um, word up. I’m not sure that I’ve experienced a more confusing week in markets. This week has left me scratching my head as Monday to Thursday the Dow has closed -635; +430; -520 ; +423. Given those surreal prints in the equity market, it has impossible to make sense of current action in commodities such as crude (or cities such as London; yep, I’m so proud…). At least natural gas has been somewhat logical, insulated by its own fundamentals: stymied by record production levels but buoyed by supportive weather outlooks, increasing tropical activity, and a bullish storage number. As for the movement in crude, your guess is as good as mine as volatility, indecision, hope, and fear leave it schizophrenic. Anyway, no need to brood…here comes the food:
—The Economist’s take on the future of natural gas.
–Don’t fear the frac…just the other stuff says government energy advisory board.
–10 town names that will make you hungry.
–Geography of a recession (h/t Chris Barnett)
—Get a coffee, give a coffee experiment.
–The factors behind food prices infographic.
–Chinese man proposes dressed as giant carrot (& 48 carrot dancers).
—Electric rail therapy is dangerously relaxing. (h/t Trace Meyer)
–Cheap shale gas means record expansion in US chemical industry.
–Energy’s water dependence.
–Absolutely brilliant: 1st graders attempt to complete famous proverbs.
The Burrito Deluxe Award of the Week goes to the silver lining of current economic woes…lower prices at the gas pump.
The Burnt Burrito Award of the Week goes to US lawmakers. If it hadn’t been for all the political posturing, Standard and Poor’s would not have downgraded the US.
Have a grandiose weekend!