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Posts Tagged ‘sanctions’

0 May 25 2012 @ 10:55am by Matt Smith in Capital Markets, Crude Oil, Economy, Global Energy, Natural Gas

Burrito bites

The sun is shining, and the prospect of a long weekend is upon us. Happy Friday indeed! Unfortunately, there have been storm clouds hovering over Energyland™ all week due to ongoing Eurozone woes, as the clear and present danger of Greece exiting the euro becomes, err, more clear and more present (as the saying goes, change will come when the pain of staying the same is worse than the pain of change).

As for natural gas, prices have been exceedingly choppy but range-bound, as an early-week rally has been replaced by selling due to neutral temperatures on the outlooks and the prospect of coal-to-gas switching now becoming gas-to-coal switching after the recent run up. So my blurb is finito, now have some bites of burrito…

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