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0 Mar 9 2012 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

Happy Nonfarm Friday! As we charge into mid-March and spring towards, err, spring, natural gas sees the end of withdrawal season appearing in the distance. This is greasing the way for new 10-year lows, as supply is strong, storage is strong, temperatures are strong…and demand is weak.

Crude oil is having a positive end to the week, prompted higher by decentish US unemployment data and the latest side-step by Greece to avoid default. Geopolitical tension is bubbling away, although the UN is trying to turn the heat down by trying to re-engage Iran in talks about their nuclear development program.

Some weeks it is really tough to collect a plateful of burrito bites, but this week it has been a joy, so feast your eyes on this latest serving of the energy and the odd:

–MUST-READ: How Goldman Sachs kickstarted the Greece debt crisis………….in 2001.

–Shale gale is the energy equivalent of the Berlin Wall falling.

–Quiztime! Who said it: Buzz Lightyear or Newt Gingrich?

–Michael Pento (is awesome): the mystery behind rising oil prices solved.

–Iran wants to barter oil for gold, while Argentina looks to barter LNG for biodiesel.

–10 Funniest QR Code Fails.

–When it rains it will really pour…superstorms and the future.

–A slideshow on the evolution of renewables.

–Boy turns orange after eating too many carrots.

–Food prices to spike in 2013 due to energy, ethanol.

–Fantastic financial commentary on Japan by my old boss.

–Why gasoline prices go up, and how they triggered the housing crisis.

–15 awesome but rejected Star Wars merchandise items.

The Burrito Deluxe Award of the Week goes to natural gas storage levels, for being 44% above last year’s level at 2.4 Tcf.

The Burnt Burrito Award of the Week goes to US gasoline demand. It is now down 7.8% on the same four weeks of last year, the biggest deficit since records began in 1991.

Finally, the Burrito Hint of the Week comes from the 2 designers who sent different infographics to post this week – one on sleep deprivation and the other on…you need more sleep.

On that note, have a restful weekend!

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