Despite the end-of-year lull in general markets, interesting tales about energy, the weird, and the wonderful continue to pass by like high-speed trains. In this last week of the year we have seen crude move into triple digits on geopolitical concerns, only to retrace again on Euro worries, while natty has broken below $3 for the first time since September 2009 as strong supply and warmer weather reigns. But enough from me, it’s time to eat: » read more
Posts Tagged ‘oil’
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Dec 30 2011 @ 10:29am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
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Dec 16 2011 @ 10:55am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random
Burrito bites
Good day! And welcome to the last burrito bites of 2011! (maybe). It has been an exceptionally bearish week in Commodityland™, with natural gas plundering to lows not seen since September 2009. This has been due to the ongoing triple whammy of strong supply, strong storage levels, and a lack of wintry weather.
Crude, on the other hand, has fallen from the grace of triple digits, as Eurozone woes and signs of weak demand in the US – the largest global consumer – weigh heavy. Let’s lighten the mood…with some food: » read more
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Oct 28 2011 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
Happy Halloween weekend, as we make it to the end of another week. General markets have surprisingly been shy of both scares and bears, as the cup of positive sentiment overfloweth after European leaders managed to defer their problems carve out a last minute agreement to halve the value of Greek debt and inflate the Euro bailout fund to €1 trillion (whoop! whoop! let’s party!). The crude complex has rallied like a banshee on hope, hope, and hope², while natural gas has seen a stronger December contract roll onto the board and run higher as the first bout of winter (hark, snow for NY) hits the US. Enjoy the weekend, enjoy the frights; but for now..burrito bites: » read more
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Sep 30 2011 @ 10:58am by Matt Smith in Biofuels, Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas
Burrito bites
…and welcome to the last trading day in Q3, and the stormy conditions it brings. This week has dealt further downside pressure to natural gas, but no further low for the year as the themes of strong supply and weak demand continue. Crude has done a non-stop-flip-flop, remaining choppy but lacking conviction as Euro debt concerns continue, and as global economic worries ebb-flow-ebb-flow. Next week brings a new month, a new quarter, and a new set of data points to usher markets this way and that. But before then, enjoy the respite…with these bites: » read more
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Aug 11 2011 @ 9:36am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Risk Strategy, risk management
What Would Winston Do?
In times of market turbulence like this, I find it useful to do two things: make simple observations, and seek solace in the wisdom of others. So this week I have turned to the most voracious voice of reason, Winston Churchill, to help me make some sense of this all. This is what he has told me: » read more
