Happy Friday! This week has been distinctly dominated by dark clouds and impending economic storms on the horizon. Economic data has been consistent (in that it has been consistently downbeat), while next week brings a new month and a new set of data – sweaty-palm time if you have placed all your chips on rising markets. As for life here in energyburritoland, I have gained some interesting perspectives on energy markets this week. There’s fascinating stuff going on in natural gas, as prices fall while storage levels deplete (now at a deficit versus last year). And while colder weather is being scapegoated for the increase in demand, in reality it seems its the (improving) economy, stupid. (smokescreened by enfeebled economic sentiment). And just to provide a contrast, crude oil and US crude product prices continue to exhibit strength while demand has nipped out to go to the store and not returned…in 18 months. Anyhow, here’s to a weekend of downing tools and raising hell toasts:
–This clown was caught speeding. Seriously.
–Natural gas may help cut emissions. (ya think?!).
–Life is creating smarter grids, appliances and consumers.
–This weightlifting ant is able to bench press 100 times its bodyweight. Without breaking a sweat.
–The next three links are like a burrito bite of burrito bites dedicated to Google. First up, as someone who uses about 17 different Google applications, I really should realize there is no such thing as a free lunch – big Googlebrother is watching you.
–Then there is more – big Googlebrother is also playing (in the energy markets).
–And finally, courtesy of big Googlebrother Earth via Treehugger, US military airplane graveyard.
–Headline of the week: The Best Way To Enjoy Wine: Try Overpaying. (Aw, c’mon, wine snobs: we all know it’s true).
–There’s been more hype about this in the energy world this week than a new Apple iproduct… a ‘power plant in a box’ from Bloom Energy.
–Competition for the oddest book title of the year. This year’s shortlist contains book titles including worm hunters, lethal robots and Nazi spoons, with previous champions being “Bombproof Your Horse” and “Living With Crazy Buttocks.”
The Burrito Deluxe Award of the week goes to San Francisco Fed’s Janet Yellen. Like a port in a storm, she was once again the voice of reason this week, telling it like it is on the US economy. If David Rosenberg is Batman, Janet Yellen is Wonderwoman.
The Burnt Burrito Award of the week goes to global econonic data this week. There were some bright spots (from GDP upward revisions), but generally, they sucked. Big style.
Have a good one!