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Posts Tagged ‘Saudi Arabia. energy independence’

0 Sep 7 2012 @ 10:39am by Matt Smith in Crude Oil, Economy, Global Energy, Natural Gas, Random

Burrito bites

Happy Nonfarm Friday! And what a thoroughly underwhelming employment report it was too, especially after all the hype. The disconcerting data is stymieing crude’s run, after WTI had got within a smidge of five-month highs (and just beyond, triple digitdom). Fortunately sense has prevailed, and rather than being enamored by the whiff of stimulus hopes, prices are instead confronting the harsh reality of this week’s poor releases. As for the good ship natural gas, it is keeling over as we are set to pass the pinnacle of hurricane season (hark, Monday), while also descending the slope of cooling demand to the base camp of shoulder season. Enough bumpf for now, ’tis time to chow:    » read more