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0 Aug 19 2011 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Random, risk management

Burrito Bites

Welcome to the latest buffet that is burrito bites. In the week that was, everything started relatively calmly after last week’s stormy trading, only for all to go awry on Thursday. Twas on this day a bucketload of bad economic data was thrown onto the markets, sending equities and crude sliding lower; meanwhile, natural gas recovered from a bearish weekly storage report to focus instead on potential tropical activity. WTI Crude has ducked below the surface of $80 before coming up for air, while natty remains submerged below $4. Hark, snacks are served:  

–Top Ten Cleantech Initiatives of Schneider Electric.

–Infographic: an idiot’s guide to the US credit downgrade.

–Wine that rocks! (…AC/DC branches out)

Back in black! (the AC/DC references just keep coming…) Oil drilling tops gas for first time in 18yrs.  

–Solar power system that doesn’t need sunlight.(h/t @EnergyMrktIntel)

‘Made in China’ but still profiting America (…$0.45 in every $1).

–Raising MPG standards is second best to a gas tax.

–Five common myths about solar.

–8 creative ways people went over the Berlin wall.

–Q&A: what happened about China’s power shortages?

–Responses for when someone yells at you from their car when you are on your bike.

Infographic:  how big a backyard do you need to live off the land?

–Motorized beer cooler driver arrested.

–Asian LNG prices above $15/MMbtu on higher demand.

–China to double solar capacity by year-end.

–Top 10 people who should never rap.

The Burrito Deluxe Award of the week goes to US mortgage rates which have fallen to a record low. (there had to be a silver lining somewhere in this turmoil without pointing to the gradual fall in prices at the pump again).

This week’s Burnt Burrito Award of the week goes to the volatility in the spread between UK-based Brent crude, and US-based WTI. Despite falling stockpiles at Cushing where WTI is priced, the spread between the two has reached a new record (of $26) as the US and European economies battle it out to see who can look more disheveled.

The ‘Time to Get Mean, Everybody’ Award of the week goes to this study of 10,000 workers over  a 20-year period. Men who measure below average on “agreeableness” earn about 18% more than nicer guys, while ruder women earn about 5% more than their agreeable counterparts. Time to get mean, everybody. (am only joking…. sort of). 

Have a raucous weekend!

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