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0 Feb 10 2012 @ 10:58am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Friday = happy, happy! ( joy, joy!). Another week passes us by like a pooh stick in time, leaving natural gas to be supported by production cut threats (n.b. boy / wolf / crying ), while Brent crude has ripped to a six-month high on optimism of a happy ending to the Greek tragedy (err, hello?) before retracing with reality. Meanwhile, US-based WTI crude prices cannot swing back above the monkey bar of triple digits given woeful US demand. But it’s no time to brood, let’s hit up the food:    

–China’s oil slurping elephant in the room.

–What if we are wrong about natural gas?

–19 famous people who started as extras.

–T-Boone talking up natgas again.

–January was crazy warm.

–What Dollar Store locations reveal about America.

–Everything you know about shale gas is wrong. (always good to read an opposing opinion). 

–The first new nuclear plant in three decades has been approved in the US. 

–This new nuke leads to a royal rumble: nuclear power vs. natural gas.

–Why the last chocolate tastes the best.

–UK gas shale: how much, how soon?

–Infographic: the digital divide.

–Finding energy advantages six feet under.

–12 wonderfully stupid flyers.

The Burrito Deluxe Award of the week goes to natural gas storage, which has now reached a hugely huge surplus of 714 Bcf versus both the level of last year and the five-year average.

The Burnt Burrito Award of the Week goes to downward revisions for oil demand. Not only is US demand dismal, but the IEA revised down oil demand growth for this year due to a ratcheting down in global economic growth expectations from 4% to 3.3% (= recessionary terrain).

Have a raucous weekend!

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