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0 Nov 18 2011 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Amazingly, the Friday before Thanksgiving creeps up on us with the stealth of a ninja. This week has brought more yadda yadda blah blah blah re Europe, as the domino rally of debt deterioration now reaches Spain (no bulls in sight), and funds flee from their bonds. Meanwhile, the US continues to see placatingly decent economic data (or maybe our expectations have just been beaten down…hmm, there’s a thought). 

As for Energyland™, natural gas has reached a record storage level – and unsurprisingly – a new prompt month low for the year, while crude oil has been on a wild ride as the news of the Seaway pipeline reversal (to alleviate the supply glut at Cushing, OK) has rallied WTI prices like a mad thing, before European woes have weighed heavy once more. Anyhoo, that’s enough for now, let’s hit the chow:

–North Dakota’s oil production approaches that of Opec member Ecuador.

–Why targeting cows rather than coal would more greatly reduce emissions.

–Infographic: Is the American dream still attainable?  All Hail Louisville!!! (h/t B K Swan)

What and where are the world’s biggest sources of renewable energy?

–US Energy Independance – the big lie.

–13 cool shopping bags.

Solar power plants to orbit the sun for energy needs.

–Infotastic infographic on Amazon. (h/t Jennifer Simmans)

–Electric cars moving in the wrong direction….although the heavy battery makes it safer to drive.

–Manly ways to prepare a Turkey.

–What the price of euro carbon emissions is saying.

30 dumb inventions.

The Burrito Deluxe Award of the Week goes to Silvio Berlusconi, for not only resigning as prime minister of Italy, but for releasing an album of love songs to coincide with his departure. You couldn’t make this stuff up.

The Burnt Burrito Award of the Week goes to EU carbon permits. Fears surrounding the fate of Europe are manifested in permit prices as they descend to near three-year lows, while concerns surrounding oversupply add an extra layer of worry.

Have a corking weekend!

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