Archive for the ‘Technology’ Category

0 Jun 18 2010 @ 9:57am by Matt Smith in Biofuels, Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas, Random, Risk Strategy, Technology, UK natural gas, energy consulting, risk management

An Energy Perspective

This post isn’t a post – it’s a link to a guest post out on the Houston Chronicle. The guest post is pilfered, cribbed and cropped from a speech I did in London this week for the shindig at Shakespeare’s Globe to launch our UK office. It basically outlines who is going to win the World Cup, through comparing and contrasting various aspects of the energy complex to eight teams. So please click on the below image to be directed away from this imposter, to the real post:

No burrito bites this week – apologies – I will double down on the delicacies next week. Have a splendid weekend!

0 Jun 10 2010 @ 10:10am by Matt Smith in Crude Oil, Economy, Random, Technology

Burrito B….

The inspiration of Summit's IT team.

 A wonky week means I am releasing the bites a little early, and a little depleted. I was thinking about skipping them altogether, until I came across a bunch of interesting / odd stuff that I wanted to share with you wonderful folks. So here’s a few snacks to tide you over until next week:  

–Rig count in the Gulf of Mexico tumbles to a 16-yr low as production comes offline.  

–Can emerging markets save the world?

–Summit’s IT department are much more like The IT Crowd than this guy (they’ll consider that a compliment, trust me), but this is great nonetheless…..spot the IT guy.  

–Don’t put too much faith in the early hurricane forecasts.

–This would make for a great April Fools joke, except it is actually true – a night club for dogs.  

–How bad could the BP oil spill get for the Gulf and the nation?

Solar-powered backpack.  

–Longish but worthwhile read on hurricane season, its previous impacts on oil / gas production in the Gulf, and the possible impacts faced this year. 

–Recycling artist makes art from tapes.  

–A cheatsheet on how to forecast weather without gadgets.   

The Burrito Ugly Chart Award of the week goes to this ugly chart which shows that the percentage of people unemployed for more than 27 weeks has skyrocketed. (sorry to go all gloom and doom on you).  

Rock on, and keep your eyes peeled for one more post this week….

1 May 28 2010 @ 9:08am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas, Random, Technology

Burrito bites

Another weird and wonderful week in markets….the DOW dropped below 10k again, only to bounce back above after China refuted that they were pulling out of investing in Europe (I’m still scratching my head as to why markets would rally like a bat out of hell on the denial of Chinese whispers – a denial of something negative is not a positive, but hey). Natty is limbering up, arching its back and stretching its legs as cooling demand and hurricane season are set to kick in, while data indicate further thawing for industrial demand. Meanwhile, crude has been teed up this week, as the fourball of equities, currencies, economic and oil-specific data have been hitting prices around, ultimately driving them higher. Feeling hungry? Feast your eyes on these:

–NOAA is predicting one of the worst hurricane seasons on record.

–A great infographic on the Gulf oil spill…..and another graphic on the plan to fix it.

–From one disaster to another; there’s a certain volcano in Iceland that is likely to erupt.

–Children more likely to own a cell phone than a book.

–Qatari LNG going to China…or is it? 

The winner of 'The Weirdest-Shaped Hot Air Balloon' World Championship

Is hydropower really a clean power source?

–Thinking about refinancing? 30-yr rates near all-time lows.

A photographic tour of a natural gas well at the Marcellus Shale.

–Elephant drinks hot tub dry.

–China – its overheating property market, and the likelihood of it double dipping.

–Economist Paul Krugman weighs in on the inflation debate, saying: when there is a flood you scream fire!

–A backlash against the backlash on Shale gas.

–The ipod revolution: a graphical representation of the history of the ipod.

16 things you can buy at a Chinese Walmart.

The Burnt Burrito Award of the week goes to BP; the oil spill is now the largest in US history.

The Burrito Deluxe Award of the week goes to long weekends - have a wonderful extended weekend / Memorial Day / Bank Holiday!

0 Apr 30 2010 @ 10:07am by Matt Smith in Capital Markets, Crude Oil, Global Energy, Natural Gas, Random, Technology

Derby hors d’œuvres.

It’s an extra special Friday here in Louisville, KY, as everyone is getting a bit over-excited ahead of the Derby tomorrow (and that’s only us that aren’t at the track already). This week has seen crude oil picking up to a canter after a slow start, while US natural gas began the week hot to trot, but couldn’t last the distance. Outside of Commodityworld(tm), the bookmaker that is Goldman Sachs got its knuckles wrapped for dodging dealing, while bets increase on Greece to default. No bites this week, instead we get hors d’œuvres:  

–some good background surrounding the oil spill in the Gulf of Mexico, with the the latest on it.

–India has more cellphones than toilets.

–Natural gas prices may limit Shale gas drilling….or is it an empty promise?

–In defense of electric cars – 10 myths.

–Swiftly followed by 5 myths about green energy.

–A novel way to carry books.

–A quick take on the EIA production downward revisions.

–Man eats 1500 lightbulbs

Top ten coal burning countries in the world.

–Car crashes through parking garage wall

–not relevant but essential reading for foodies – the dirty dozen cheat sheet of organic vegetables.

The Burrito Theme of the the Week……Swapsies! : First Venezuela swaps barrels of oil with China in exchange for a $20 bln loan, then Russia approves a treaty that allows one of their fleets to stay at a Ukrainian port until 2042, in exchange for $40 bln of gas subsidies.

May your weekend be full of winning tickets and Mint Juleps!

0 Mar 19 2010 @ 9:50am by Matt Smith in Biofuels, Crude Oil, Economy, Global Energy, Natural Gas, Technology

Burrito Bites

As we come to the end of another week, there seems to be more questions than answers; will natural gas bounce from $4 psychological support? Will crude break its November high? What will fill the hole in people’s lives after March Madness? All of these questions will be answered in time. To occupy yourself while you wait, feast your eyes on this week’s nibbles:

–Ethanol is making a comeback.

Upside-down house in Germany.

–No end in sight to US refining weakness.

Visualizing the internet - top 100 sites, rich list etc…interesting stuff.

–Plenty of gas, but no easy fix for US energy challenge.

Trying to pick peak oil is futile.

–I thought soggy moggy was bizarre, until I saw surfing with animals.

–Gasoline prices are up to their highest level since 2008.

–Will they / won’t they? – the Greek bailout meter.

–Art imitating life – fake store fronts brighten up town.

–The Big Mac Index shows the Chinese Yuan is still undervalued.

Europe unlikely to match US shale boom.

The Burrito Deluxe Award of the week goes to the website 1000 awesome things for brightening up the week by its mere existence.

The Burnt Burrito Award of the week goes to Opec. As their compliance with output quotas goes through the floor (more production, more $$$), their influence wanes. Or at least their credibility.  The biggest surprise to come out of their latest meeting on March 17th was that they have decided not to meet for another seven months. That’s a lot of time for them to keep rubbing their hands with glee before they need to pull quota compliance back in line.

And finally for the winner of last week’s competition – I split the prize between R E Parker Esq and Ginny – both providing amusing yet low-brow responses. A gift card for a burrito is on its way to both of you! 

May your weekends be filled with 1000 awesome things.