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1 Sep 30 2011 @ 10:58am by Matt Smith in Biofuels, Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

…and welcome to the last trading day in Q3, and the stormy conditions it brings. This week has dealt further downside pressure to natural gas, but no further low for the year as the themes of strong supply and weak demand continue. Crude has done a non-stop-flip-flop, remaining choppy but lacking conviction as Euro debt concerns continue, and as global economic worries ebb-flow-ebb-flow. Next week brings a new month, a new quarter, and  a new set of data points to usher markets this way and that. But before then, enjoy the respite…with these bites:    

–Commodities head for biggest quarterly drop since 2008 on economic woes.

–Report says North American oil output to hit a record by 2016.

–Infographic of infographics.

–A brief economic explanation of Peak Oil.

–The 30-second guide to European problems.

–Long jumper leaps over three minis.(in all fairness 3 was easy, jumping 4 would be much more Evil Knievel-ly) .

–Dept. of Environmental Conservation releases fracking regulations.

–Art made in rice fields.

–The mathematics of basketball.

–Cellulosic ethanol and jatropha, too much too soon

–A third of people prefer texting to talking.

–New drilling techniques reshape oil world.

–Dumb-bell cutlery helps you eat yourself skinny.

The Burrito Deluxe Award of the Week goes to kabluey! a natural gas storage injection of  a hugely huge 111 Bcf. This keeps prices bouncing around the price lows for the year, with further triple-digit doozie injections literally in the pipeline over the coming weeks.  

The Burnt Burrito Award of the Week goes to the increasing comparisons of market conditions with 2008. Falling commodity prices = good. The reason they are falling = bad.

Have a top weekend!

1 Comment on this post:

  1. Those are interesting outlooks… But I think it will be hard to really say right now.

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