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3 Sep 9 2011 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

After a minor hiatus, the burrito is back up and running again. There’s plenty of creativity left in the tank (that goes to all you hecklers who thought I might have blogger’s block). And I’ll prove it with a great interview with the director/producer of the thought-provoking energy documentary YERT for next week’s YERTweek™ on the burrito, as well as focusing on some of the documentary’s key themes in the coming weeks.

Anyhoo, as for this week that was, renewed hope of the US government propping up the ailing US economy (déjà vu²) has left crude markets wanting, as Ben Bernanke provided no further guidance to potential stimulus measures, while President Obama’s $450 billion plan to spur on job creation was met with a very tepid response. This has brought another choppy week for oil, as anticipation builds for the Federal Reserve meeting a week from this coming Tuesday to see what measures it may take next to divert the US economy away from its latest perilous journey toward double-dipdom. 

As for the good ship natty, tropical activity continues to bombard the US, bringing stormy weather and production-shuttering in the Gulf. Nonetheless, as temperatures (/demand) deteriorate, and the battening down of hatches remains more precautionary than damaging, natty remains pigeon-holed just below $4.  

This weekend is one of milestones for different reasons, as we reach the peak of hurricane season on Saturday, and the 10 year anniversary of 9/11 on Sunday. With that in mind, let’s count our blessings, and delight in these bites:  

–Cool infographic on energy consumption in the US.

–Fantastic succinct summary: the world’s changing energy equation.

–Another great infographic: American identity according to social media

–Record rig counts point to oil shale.

–Go at it, geeks…40 rare photos from Star Wars.

–Think planning your city’s energy is easy? Prove it by playing Energyville. (h/t Jeff Lenetsky)

–A poor economy means less trash in the landfill – proven by Florida.

–Suez canal cargo correlation points to slowing global economic growth.

–2008: Next US president will be the Chauncey Gardener of Energy.

Cartoon wheel – characters by color. Yep, big fan. 

–How are hurricanes named?

The military looks to solar and energy efficiency.

–Halliburton CFO says new Frac fluid tastes like beer. (of course it does).

–Deep-fried everything.

The Burrito Deluxe Award of the Week goes to the passing of the peak of hurricane season this weekend. It has been pretty intense of late; we await the waning of it.

The Burnt Burrito Award of the Week goes to Greek government debt. While headlines have been dominated by the will we / won’t we / when will we see further stimulus from the US government, the yield on 2-year Greek government debt has now reached 56%, inferring near-certain default.  

p.s. I am the guest speaker at an event at The Petroleum Club of Houston on Thursday, September 15th @4pm. If you are interested in attending please send me an email to 

Have a grand weekend!

3 Comments on this post:

  1. Mark Sullivan says:

    Heckle heckle…

  2. Matt Smith says:

    There were at least three others hahaha…is nice to be missed! Hope you were at today’s game….irons!

  3. Mark Sullivan says:

    i went see my parents so missed it which was a shame.. mill wall away next.. oik. Think i’ll give that a miss ;)

    Starting to look good for us mate.. bent lye and Lansbury were awesome by all accounts.. Happy days!


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