You Are Being RedirectedThis blog has been moved to You will be redirected in a moment. If you are not redirected in 10 seconds, click here.

Posts Tagged ‘gas prices’

0 Mar 2 2012 @ 10:19am by Matt Smith in Blog, Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito Bites

March madness has started early this year, with misplaced rumors of a Saudi pipeline explosion and a bearish storage number bludgeoning natural gas 6% lower (admittedly only 15 cents, but hey). Nonfarm Friday fun is delayed until next week, leaving us stuck waiting (like the panda to the left) for further signposts for the US economy. But as the weekend awaits…quick, grab your plate: » read more

0 Aug 12 2011 @ 10:02am by Matt Smith in Crude Oil, Global Energy, Natural Gas

Burrito bites

Um, word up. I’m not sure that I’ve experienced a more confusing week in markets. This week has left me scratching my head as Monday to Thursday the Dow has closed  -635; +430; -520 ; +423. Given those surreal prints in the equity market, it has impossible to make sense of current action in commodities such as crude (or cities such as London; yep, I’m so proud…). At least natural gas has been somewhat logical, insulated by its own fundamentals: stymied by record production levels but buoyed by supportive weather outlooks, increasing tropical activity, and a bullish storage number. As for the movement in crude, your guess is as good as mine as volatility, indecision, hope, and fear leave it schizophrenic. Anyway, no need to brood…here comes the food: » read more

4 Apr 29 2011 @ 10:58am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

I bid you a royally warm welcome to this last Friday in April. The week that was brought us a rally in natural gas, busting through resistance at $4.40ish, which had rebuffed a number of tests in the past month or so. Crude has bobbed along, treading water with the floatation devices of a weaker US dollar and the omnipresent unrest in the Middle East, while economic data or economic outlooks (h/t Ben Bernanke) provided little impetus for prices to rally. Next week is exciting for fifty-seven reasons – two of those being Nonfarm Friday and the Kentucky Derby, but for now, a royal feast is served: » read more

2 Mar 25 2011 @ 10:55am by Matt Smith in Crude Oil, Global Energy, Natural Gas

Burrito bites

And as we prepare to step off the escalator of Q1 and onto that of Q2, the current theme of unrest continues in MENA, just with interchangeable players. Syria enters the frame this week, while Yemen remains in the picture. Libya maintains the spotlight, as the UN enforced no-fly zone is set to be superseded by NATO. Crude production and exports are grinding to a halt in Libya, while elsewhere supplies remain unaffected. Meanwhile, Japan keeps ebbing and flowing between containment and a nuclear disaster. In the US, natural gas has had a feisty week, running higher on bullish weather outlooks for now and into April for the eastern half of the US, only to sell off strongly after running into a brick wall of resistance at $4.40.   » read more

0 Mar 10 2011 @ 7:43am by Matt Smith in Crude Oil, Economy, Global Energy

Are we K.O.’d or O.K.?

Ok, I’m not messing about this week; the gloves are off. I am cutting straight to the chase the wheat from the chaff and straight to the quick. There are two key issues in the US economy which are delicately poised to potentially either save or sink us. And these are unemployment and gasoline prices. (Well, there is a third, but a double dip in housing is a done deal). So below I have given some background on these two issues, hopefully illustrating their potential threat to a sustained economic recovery. So first up, employment:  » read more