0 Dec 16 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Good day! And welcome to the last burrito bites of 2011! (maybe). It has been an exceptionally bearish week in Commodityland™, with natural gas plundering to lows not seen since September 2009. This has been due to the ongoing triple whammy of strong supply, strong storage levels, and a lack of wintry weather.

Crude, on the other hand, has fallen from the grace of triple digits, as Eurozone woes and signs of weak demand in the US – the largest global consumer – weigh heavy. Let’s lighten the mood…with some food:  

–Fracking revolution goes global.

–Report says exports wouldn’t move natural gas prices that much. 

–Quiz time! Real headline or from the Onion?

–Energy remains a wildcard for GDP for 2012.

–I’m off to China to become a butler.

Real-life Minority Report? infographic.

–Infographic of Santa’s carbon footprint.

–How social media is changing the job market.

–Is CO2 market dead?

–Demand for designer firewood heats up.

–10 Gifts for Gadget Geeks.

–The Bakken Boom – A Modern Day Gold rush?

Christmas blogs and other niche sites.

The Burrito Deluxe Award of the Week goes to….Opec. Its cohesive ‘one-cartel, one-voice’ stance was a welcome respite in a maelstrom of market storms this week. The decision to raise the production ceiling to around the current output level was logical (if not somewhat late), while the decision to delay the allocation of new individual quotas was a political minefield probably best avoided at this juncture.

The Burnt Burrito Award of the Week goes to Eurozone debt woes. It’s like watching a slow-motion car crash, still waiting for its full impact.

Have a remarkable weekend!

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