As you well know, I believe that everything is interconnected – commodities, currencies, bonds, equities, etc….so my recent whirl through ‘The Big Apple’ set me off on a tangent about…..energy and fruit. So here are ten ways in which the two doth intermingle: » read more
Posts Tagged ‘biofuel’
Hola! Hoping your week has been full of both energy and burritos. This week has been a bit of a disappointment actually - a back-loaded eventful week promised so much excitement from Thursday and Friday. In eventuality, it has caused more of a ‘plop’ and less of a ‘fizz’, as data and quantitative easing worries have given general markets a headache. In commodityworld(tm) natural gas has spent the week trying to scramble away from the prompt month low for the year amid the shoulder-month pit-stop between cooling and heating demand, while the Opec meeting yielded little other than everyone saying how happy they were. Anyhoo, let’s swap the talk…for a plate, a knife, a fork. Bites ahoy:
–Natural gas elbows its way to center-stage.
–Biofuel’s bumpy road.
–Absolutely brilliant – 5 things Spongebob Squarepants can teach you about business (hat tip BD!).
–Natural gas is in its tightest range in eight years.
–BP boiler suit is this year’s Halloween must-have.
–When will Opec have to address the quota issue?
–How big is Africa?
–Volatility returning to oil markets?
–Willy Wonka 3-course meal chewing gum could become reality.
–52% of Americans flunk Climate 101.
– Squirrels refuse medical care.
–A Climate Proposal beyond Cap and Trade.
–I keep flitting between thinking this is the dumbest thing I’ve ever heard of, or total genius……: Catch a thief from your armchair and win cash!
The Burrito Non-Revelationary Fact of the week: Mr T is a goldbug.
The Burrito Deluxe Award of the week goes to the Houston Chronicle and Tom Fowler, for putting the Opec Quiz as a lead feature on their websites to propel the burrito to its best day ever. A big burrito bravo to you!
The Burnt Burrito Award of the week remains firmly on the mantelpiece of the US dollar. (8-mth lows versus the Euro, 15-year lows versus the Yen, parity versus the Aussie dollar …aaaaaaarrrrggghhh. thud.).
The Burrito Fantastic Fact of the week comes courtesy of colleague Eric Bickel, who revealed that this October has 5 Fridays, 5 Saturdays, and 5 Sundays – a rare event (not 823 years rare as reported some places). Very random and very cool, Eric.
The Burrito Play-on-Words of the week= Fish n’ chips! …tracking endangered blue fin tuna.
Have a corking weekend!!
This is one of those random posts I occasionally come up with…this week I figured I’d like to teach the world to sing see if I could relate the entire alphabet to Energyworld(tm). So here it goes:
A is for Algae – as discussed previously on the burrito, Algae is an unconventional yet plausible biofuel.
B is for Biofuel - US Gov’t has mandated 36 billion gallons of biofuels to be produced in 2022.
C is for Coal – approximately half of the electric power in the US is generated from coal.
D is for Diesel – diesel-powered cars achieve 20-40% better fuel economy than gas-powered ones.
E is for Ethanol – Henry Ford designed the Model T Ford to run on ethanol.
F is for Firewood – rubbing two sticks together to create fire can exert a lot of energy.
G is for Gasoline – burning a gallon of gasoline creates 19 pounds of carbon dioxide.
H is for Heating Oil – the Northeast accounts for 82% of heating oil demand in the US.
I is for Ice – a company has developed a novel way to store energy as ice.
J is for Jatropha – another unorthodox yet potential biofuel of the future, previously discussed here.
K is for Kryptonite – is commonly green, and has the power to kill Superman.
L is for LNG – there are 100 Liquefied Natural Gas storage facilities in the US.
M is for Methanol – is blended with gasoline as a fuel, and is also used in, err, formaldehyde.
N is for Natural Gas – 25% of energy used in the US in 2009 came from natural gas.
O is for Oil – the world’s proven oil reserves = 1,342,207,000,000 barrels.
P is for Permits – Carbon emission permits: up and running in Europe, baby steps in the US.
Q is for Quantum Leap – jumping from one energy level to another very quickly.
R is for RBOB – Reformulated Blendstock for Oxygenate Blending…aka…gasoline.
S is for Solar – Germany is the world leader for solar energy in relation to all energy produced.
T is for Turtle Power - heroes in a half shell.
U is for Uranium – is the most widely used fuel in nuclear energy plants.
V is for Vegetable Oil – used oil can be collected from restaurants and filtered to produce a biodiesel.
W is for Wind – the largest offshore wind farm in the world is set to open in the UK.
X is for Xanthidium - found in flint, the original fire starter.
Y is for Yeast power – übergeeky…a potential source of power for generators in the developing world.
Z is for Zest – a citrus-powered clock. What more do you need?
Here’s the deal; weakening economic data has been unrelentingly pitched at us this week. Few have hit the mark, while many have dealt body blows. And some have just been a slap to the face. So let’s leave these misses, and hit some snacks:
–How much oil from the spill is still in the Gulf?
–Natural gas futures premium is at its lowest in seven years.
–Nasty people have a higher risk of heart attacks and strokes.
–Renewables increased 8.3% last year in Europe, coal consumption down 16.3%.
–Flow diagram of US energy use.
–Top ten most tattooed cities in the US.
–Factbox about biofuels in Brazil.
–30 new coal-fired plants have been built in the US since 2008.
–Grannies knit smart car cosy.
–New microbe discovered eating oil spill in Gulf (h/t LB/NG).
–11 Green inventions that go too far.
–Fat-fingered Sumo Wrestlers unable to use cell phones.
–Europe’s brisk energy transition.
–Great piece from the Economist on the outlooks for China and India.
The Burrito Deluxe Award of the week goes to the heating oil crack spread. This has rallied to a two-month high at $11.50, as higher future prices and Latin American demand has encouraged US refiners to increase output. (The crack spread = the profitability of turning a barrel of oil into heating oil. Calculation = the price of 42 gallons of heating oil minus the price of one barrel of oil).
The Burnt Burrito Award of the week goes to US natural gas, which has made a prompt month low for the year.
Burrito Headline of the Week: Police catch man in bush with socks on his hands.
I hate to go all naysayer-doomsayer-debbie downer on you, but this cannot be good. The Burrito Worry of the Week goes to the housing market. There is now 12.5 months of supply on the market. Even if you think the economy is not double-dipping, you have to be delusional to think that the housing market isn’t. There were 11 million properties in negative equity in Q2 this year, not one house sold for above $750k across the entire US last month, and existing home sales hit their lowest level since 1996. All rather foreboding for the economic picture.
And finally! Last week’s caption competition was won by Kevin. A giftcard will be winging its way to you – have a burrito on the burrito! Thanks to all for playing – Ginny, you are nuts.
Rather than the usual review, let’s mix it up and take a look at five fascinating / frightening facts gleaned from this week:
1) China has 65 million vacant homes.
2) The chicken came before the egg (h/t DB).
3) The Rupee’s got a brand new symbol.
4) Illinois has a higher default risk than Iceland.
5) 70% of American office workers eat lunch at their desks, while 22% of office fridges are only cleaned once or twice a year.
Onto the summary platter of market chatter….
–More than half of the new power in the US, EU is green.
–The 10 most expensive hurricanes in US history.
–Women-only venting store opens in China.
–How supermodels are like toxic assets.
–Clean energy investment holding steady in tough times.
–Wowee – Chinese man drives car across bottled beers.
–Much weirdness: oil back in favor of US drillers after years of targeting gas.
–Biofuels and the subsidies involved.
–What does a trillion dollars look like again? (as the US Federal deficit has just passed it).
–A Candwich (a sandwich in a can!)
The Burnt Burrito Award of the week goes to US coporate earnings season and US economic data. Both of which are giving us mixed signals and a wonderfully muddied outlook on the US economy.
Have a splendid weekend!