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0 Jan 20 2012 @ 10:53am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, UK natural gas

Burrito Bites

Good day, good day!  Crude has toppled below the monkey bar of $100 late on this week as – would you believe – Euro debt concerns arise once more. In addition, crude has been clobbered by a disheartening domestic demand situation. Total product demand is down 7.2% on this time last year, while gasoline demand has just plummeted to its lowest level since 2001. And while on the subject of plummeting to new lows, the good ship natty has keeled over and made a decade low as supply remains staunch and the storage surplus swells (…while weather is set to swelter). Ay, there’s the rub, and here’s the grub.

–32,100 New Yorkers speak out against fracking.

–Why tornadoes take the weekend off.

–17 best pun store names.

–How high oil prices could squelch a recovery.

Santa Claus China is coming to town (…51% urbanization and rising).

Amazing cakes that look like other foods.

–Obstacles facing US wind energy.

–Burning America’s future by Bill McKibben.

–Council puts signs on trees not to put signs on trees.

–UK gas hub faces rising challenge from Europe.

–US on path to energy self-sufficiency in 20 years.

–20 predictions for life 100 years from now.

–Natural gas glut fuels export debate.

–The pleasures and pitfalls for off-the-grid solar.

–Ben Franklin’s 200 synonyms for…being tipsy.

The Burrito Deluxe Award of the Week goes to natural gas storage levels, both here and in the UK. The UK sees storage still over 80% full, more than double the level it was this time last year as a mild winter reigns. Meanwhile, the storage surplus to last year in the US has swollen to a whopping 539 Bcf.

The Burnt Burrito Award of the Week goes to aforementioned gasoline demand, which has just reached a level not seen since 2001. The implications of this is an economy that is merely staggering along, as opposed to strong.

Have a gregarious weekend!

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