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Posts Tagged ‘hurricane season’

0 Oct 22 2010 @ 10:48am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito Bites

Howdydoody! I hope all is well, and that your 295th day of the year is filled with as much joy as this picture. Commodityworld(tm) is fun at the leanest of times, so a week filled with such velocitous (is a word, I checked) volatility and milestones with millstones is a glorious treat indeed. It is natural gas that is making milestones (with millstones round its neck), as it slowly sinks, making further prompt month lows (hark, forwards following). Crude has had a week more nutty than a Snickers bar, as a whipsawing US dollar and a splattergun of Chinese data have pinged prices round like a pinball (but amazingly, are flat on the week). US corporate earnings season is at its peak, hence all is well with the world, as company earnings results under-promise and over-deliver. Anyhoo. Wake up! Time to dine! 

NOAA’s La Niña (aka another winter of strange weather in the cards).

–Hurricane threat to Gulf is fading to zero, say meteorologists (err, who is Richard then?!).

–5 Halloween costumes you can make with stuff you already own.

–No (Euro) Shale ’til Brooklyn 2025.

–The economics of Seinfeld.

–Hark, bearish news as China’s refining rate falls to the lowest in 18 months (or the Director’s cut – when 9.6% growth isn’t enough).

–For a first date, wear red.

Global Hydro and Nuclear Power in Perspective.

–The gazillion dollar question… Marcellus Shale: a blessing or a curse? 

–The Mafia goes green. (hat tip EB)

–Stick that in your vuvazela!

–The Economist asks, what are commodities telling us?

–First Spiderman, then Spider-pig, now Spider-goats.

Idle Oil Tankers off the French Coast

The Burnt Burrito Award of the week goes to the French for their striking ways. When Lady Gaga cancels concerts as no-one has the gas in the tank to drive there, you’ve probably made your point.

The Burrito Deluxe Award of the week goes to the Federal Reserve’s monthly release of the Beige Book, which showed regional economic activity in the US increased at a ‘modest pace’…..we’ll take it!

Have a majestic weekend!

1 Sep 24 2010 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito Bites

'err, I'm not sure you should be that...HOOONNNNKKKK!'

Good day, and welcome to the first Autumnal Friday of the year. We are now into the thrusts of fall, completing the last full week of the quarter before we tumble into October. This week has seen crude continuing to hang around the $75 mark (although a Friday rally is underway), while natty has stuck around the $4 level (although a Friday sell-off is underway). Equities have had a good week, the dollar a poor one, while we found out this week that ‘the great recession’ ended in June 2009. Thank goodness for that. The weekend beckons, but in the meanwhile, keep rolling with the munches:

–US natural gas is ‘the American Idol’ of energy.

–An emotional week, as Wal-mart Senior VP wells up talking about sustainability.

–While Swiss Finance Minister gets the giggles.

‘Talk like a Pirate’ day and climate change.

–Record warm water temperatures could spur more hurricanes.

–All hail, shale.

Lettuce e-fit.

–IEA says BP oil spill will have little supply impact on medium-term offshore drilling.

–Meanwhile, fishing expands in the Gulf – only 13% of the Gulf’s waters are now closed.

–Subway trains set to generate power for the grid.

1 billion more gallons of gasoline used every year due to increasing weight of passengers.

albino hedgehog

–Defending the oil sands.

–Woman fights bear…..with courgette (= zucchini).

The Burrito Deluxe Award of the Week goes to equities, which have rallied strongly on a mixed bag of data, the announcement that the recession ended in June 2009 (no announcement when the depression is set to end), and on news from the Federal Reserve that they will not re-start quantitative easing. (yet).

The Burnt Burrito Award of the Week goes to the US dollar. The dollar has tumbled this week, as aforementioned quantitative easing would essentially devalue the dollar. This should be positive for crude, due to its inverse relationship, right? You would think so, but all matter of moves have been occurring this week… 

The Burrito Chart of the Week goes to housing starts versus the unemployment rate. Who is winning? Neither – both are stinky.

Have an illustrious weekend!

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!

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!