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Posts Tagged ‘contango’

0 Sep 17 2010 @ 8:22am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

yoga bear

Good morning and welcome to another burrito bites. This week has seen natural gas grapple over the $4 mark, as hurricane activity in the Atlantic is becoming more crowded than a kitchen at a party (last time that two category four hurricanes were in the Atlantic at the same time, Al Jolson was topping the music charts…). Crude has gravitated back lower to the comfort of $75 after a pipeline outage gave prices a temporary tweak higher, while general markets have shown some optimism. Next week brings a bunch of housing data, so for now let’s look on the bright side, and demolish these delights:

–Will hurricanes continue to miss the Gulf? (h/t LZ)

Thick layer of oil found on the Gulf of Mexico seafloor.

–Your pants are lying to you

–Who killed the climate and energy bill?

–Crude oil contango and the Cushing Syndrome.

–Does drinking in college affect your grades? (Next week: Was Humpty Dumpty fat?).

Natural gas erodes coal’s share of US power production.

Four factors for energy’s future.

–The top words used on TV in the last year.

37 states hit nighttime high temperature record this summer.

–Firm handshake = a long life (probably).

–The great ethanol boondgoggle.

–First US tar sands project approved in Utah.

–Wonderful article – journalist gives credit cards to panhandlers, tracks what they buy.

–Natural gas may have jump-started oil eating bugs.

Yoga Bear.

The Burrito Deluxe Award of the Week is split between weekly crude inventories, which came in absolutely plumb in line with consensus (that never happens), and gold, as it reaches a new record high. Bravo!

The Burnt Burrito Award of the Week goes to NBP UK natural gas for being so subdued. This usually volatile commodity has traded sideways (flatlining) all week as maintenance season continues, while adequate supplies ease concerns. C’mon, buddy, show some life! Boo!

Have an inspired weekend!

3 Mar 12 2010 @ 8:27am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Random, Technology

Burrito Bites

Happy Friday once again! Sometimes it is better to go heavy on the filling, and light on the bread, so let’s dive straight into this week’s main course:

–One of the stranger headlines this week  – Sumo wrestler steals cash machine from Moscow shop.

–CERAWeek conference discusses how the energy sphere of influence is shifting to emerging markets, while even oil execs like the Conocophilips CEO shift focus to natural gas.

–TreeHugger blog is so good, yet leaves you feeling so, so bad. Waste, waste, waste.

–For all my OCD friends out there…..hand sanitizer doesn’t work.

Next month’s data releases for employment are indeed going to be March madness.

–Exxon showing the love for natural gas too.

Colchagua Valley, Chile

–Admittedly, this comes a long second to all the loss of life in Chile, but one of the best valleys in the world for red wine has been hit materially – Chile and the effect of earthquakes on their vineyards.

–a new energy source developed from the common pea.

–And while we’re talking healthy, why a Big Mac costs less than a salad.

Narrowing oil contango signals worries in the crude complex.

Olympic Hockey final Affects Water Supply, Canadian Economy.

–Rightfully last, but not least – 8 unconventional ways to be buried.

The Burrito Deluxe Award of the week goes to CERAWeek, for addressing and discussing the most prevalent issues faced in the global energy complex.

The Burnt Burrito Award of the week goes to Carlos Slim – the new richest man in the world, according to Forbes magazine. As Bill Gates and Warren Buffett have seen their fortunes fall on philanthropic endeavours, Carlos Slim’s unabated desire to become the world’s richest man has finally been achieved – well done.

And finally! This week’s competition! With all the focus on natural gas at the usual oil-heavy conference for CERA, it leads my to wonder: if natural gas is to be the savior of the energy world in the future, what will it’s superhero name be? The best suggestions provided in the comments wins a prize (which may or may not be burrito-related).

Have a top weekend!