The first day of October, the start of Q4, the beginning of the Ryder Cup, Julie Andrews’ 75th birthday; what more could be packed into today?! A lot more, I’ll have you know. A bunch of data has been released to kick off the new month, with ISM manufacturing data as the headlining act. Prior warm-up acts this week pointed to a strong reading today, however, a print in line with consensus has left markets looking like they are coming off a synthetic sugar high (which they kind of are). Nonetheless. the anticipatory drum-roll was enough to encourage crude to hop-scotch above $80, while natural gas has once again bounced on the trampoline that is $3.80. Let’s hit up some Autumnal appetizers:
–Why sustainability practices are really risk management.
–Which US state consumes the most energy per capita?
–Gorillas run wild in London.
–M&A deals soar as shale gas fever hits.
–Offshore wind could meet half of East coast’s electricity needs.
–Why energy efficiency does not decrease energy consumption.
–Awkward….wrong model announced as winner of Australia’s top model competition.
–China demographic dictate India as manufacturing hub.
–Huuuuge critique on Marcellus Shale.
–Drive-thru. On a horse.
–The US leads the world! (in obesity rates).
–World gone mad…..banning texting when driving may add risks to roads. (!?!).
–Great interactive graphic of global debt comparison.
–European natural gas trading rose 11% last year.
–The downside of reusable grocery bags.
–Cheap gas is limiting coal demand.
–Man attackes Elmo; Elmo wins. (shame).
The Burrito Deluxe Award of the week goes to crude for breaking through $80 to seven-week highs, as positive economic data prints (and drawdowns across the board for crude and product inventories) spur on hope for increasing future oil demand. Will it hold above this level? Hum-dee-dum, we shall see…
The Burnt Burrito Award is retained by the US dollar index, as it plumbs to the depth of eight-month lows.
The Burrito Quote of the Week – not necesarily relevant in any way, but it made me chuckle this morning: - “Don’t worry about the world coming to an end today; its already tomorrow in Australia’ - Charles M. Schulz
Have a charming weekend!
