Jan 6 2012 @ 10:55am by Matt Smith in Crude Oil, Global Energy, Natural Gas, risk management
I have tirelessly spent the last week or so trying not to write a post which either a) reflects on last year or b) provides some sort of outlook for 2012. This has left me considering the here and now, and the USA.
Swinging the spotlight back onto energy (as is inevitable here on the burrito), I realized there is a lot to be thankful for in the US. Despite some obvious shortfalls in the energy landscape (reliance on fossil fuels, foreign energy dependence, etc) I believe the US is moving in the right direction. So henceforth I present some random points as to why the US is great, from both an energy perspective, and from the perspective of a Brit.
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Feb 18 2011 @ 10:55am by Matt Smith in Biofuels, Global Energy
Ok dudes, to complete a themed week, and to prove that two data points doth not a trend maketh, let’s complete the trifecta with a final post comparing commodities to ‘The Office’. So after looking at Dwight Schrute (natty), Michael Scott and David Brent (oil), let’s take a look at why….Will Ferrell is the future! (and so are renewable fuels).
Just as Will Ferrell is (potentially) set to be the future of ‘The Office’, renewable fuels are (potentially) set to be the future of Energyworld™. However, while TV shows can change their stars at the drop of a hat, there is a somewhat longer and more laborious transition for the dynamics of the energy landscape. » read more
Feb 10 2011 @ 8:24am by Matt Smith in Biofuels, Crude Oil, Global Energy, Natural Gas, Random
As incredulous as it seems, ‘Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo’ is in fact a grammatically valid sentence in the American English language. This was brought to my attention by a colleague, and it set me off thinking about incredulous things in the energy complex. So here are ten random energy incredulosities: » read more
Feb 4 2011 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Natural Gas
Good day! It’s been a week of extreme emotions; happy times as Punxsutawney Phil declared an early spring and China celebrated a New Year, while on the downside the news has been dominated by the unrest seen in Cairo, Egypt. Despite this first week of the month being heavy on the economic data front, concerns about the unrest spreading to the oil-rich countries of the Middle East has dictated the movement in the crude complex. Worrying? I should cocoa. As for natural gas, it was Groundhog Day again on Wednesday Thursday; just like the prior week a bullish storage print provoked a bearish response. Next week brings more energy-specific newsflow with the EIA monthly report, but for now let’s rebuff the bad news and hit the buffet: » read more
Dec 3 2010 @ 10:50am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, risk management
Wowee, what a week. Starting with a $113 bln bailout of Ireland, culminating with Nonfarm Friday (= US unemployment data), this week has not disappointed. The filler, manufacturing data (sandwiched in the middle of the week), once again illustrated global expansion for the industrial sector, while US house prices are swooning once more (although pending sales are not). US natural gas is receiving some support from heating demand as thermostats are cranked up, while storage begins to be whittled down. Crude is back within grasping distance of $90 as positive data and potential intervention from the ECB is rallying the Euro. Meanwhile, the entire UK is walking in a winter wonderland (because no public transport works). I could go on and on (and on); what a great week. AND we are into December – rock on. Enough of the fluff, let’s get onto the good stuff: » read more