ProShares UltraShort Oil & Gas (DUG)

All Comments on DUG

  • commenter
    Sep 05 06:35 PM
    T. Boone Pickens on Yahoo and the Price of Oil [view article]
    LOL FreeEnterprise, I'm not an idiot, I'm a realist. Those claims made by Pickens are economically not realistic in the near term. There is way way too much invested interest in oil and the current infrastructure to change things immediately. I'm all for weaning ourselves off oil and moving to more enviro friendly alternatives, but I don't think it would happen in the next 20-30 years.

    Besides, your precious T. Boone went long oil in the $140-145 range. Hows that working out for him?
    Reply
  • commenter
    Sep 05 06:02 AM
    Forget $100 a Barrel - Oil Will Plummet to $30 [view article]
    It's obvious that many commenters here are holding oil futures and are in a sorry state of denial. I think you're right on Jason. Oil is one of the most overinflated coms. around. I'd vote gold a close second. Oil IS going to tank. If you guys don't like it or don't believe it then hold your contracts. You'll be wishing you hadn't, that is for sure. Criticizing Jason's correct assmption will not improve your bottom line. I can understand your abject terror at his synopsis. Unfortunately for you, it's true. Reply
  • commenter
    Sep 04 05:12 PM
    Double Short ProShares ETFs [view article]
    Bespoke

    On august 24th you said you expected the Dollar to fall. Well, today
    is 9/4/08 on week later to be exact. Had you noticed where the dollar
    is? Have you noticed where the Euro is? Want to change your forecast?

    EDT
    Chicag
    Reply
  • commenter
    Sep 02 02:49 AM
    My Website
    Obama's Green Promise [view article]
    Toml2068 wrote:"The author above totally omitted the fact that Pickens plan was to replace Natural gas with wind power in electric power generation thus freeing it up for transporation. Not a minor omission."

    A valid point Tom, but if you could replace all the gas fired electricity generation with alternative sources it still wont last very long. America's current energy usage in million tonnes of oil equivalent are:
    Oil - 943.1
    Natural Gas - 595.7
    Coal - 573.7
    Nuclear - 192.1
    Hydro - 56.8

    If you diverted all the natural gas to use as motor fuel and only replaced the 2/3 of the oil consumption that is imported you would still need 628 tonnes oil equivalent which is larger than current consumption. Given that current Proven Reserves stand at 10.3 years under current use, if diverted it would be 9.8 years. That is still short-term in my books.
    Reply
  • commenter
    Sep 01 10:39 PM
    Obama's Green Promise [view article]
    I have read two books recently that scare the daylights out of me..

    Mark Steyn, America Alone, The End of the World as We Know It (about Islamists outbreeding the Western World 8 kids per family vs 2.1:1)

    Jerome Corsi, The Obama Nation (Obama's experience - not a lack of it - is what we should be concerned about and CHANGE = wealth redistribution ala Saul Alinsky "slowly, quietly, gently, so they will agree to it with little objection)

    Read them before you vote in "08.
    Reply
  • commenter
    Sep 01 09:17 PM
    My Website
    Obama's Green Promise [view article]
    Our company, Limnia, Inc. (www.limnia.com) has resolved almost all of the issues associated with hydrogen infrastructure. We store hydrogen in patented, solid-state, non-pressurized canisters that are safe, efficient, better than many battery solutions, use common carriers already built out globally and can recharge a car in seconds via hot-swap. Our many hydrogen generation partners have shown methods, this year, to make hydrogen from water or organic waste so that the energy efficiency is completely attractive.

    Cindy Lewis
    Reply
  • commenter
    Sep 01 12:01 PM
    My Website
    Obama's Green Promise [view article]
    The author above totally omitted the fact that Pickens plan was to replace Natural gas with wind power in electric power generation thus freeing it up for transporation. Not a minor omission. Reply
  • commenter
    Sep 01 03:53 AM
    Obama's Green Promise [view article]
    Most of ole T. Boone's gas for our future transportation fuel,-that frees us from the clutches of OPEC and Russia, comes from un nvebntional resources that require alot of water to produce.
    Will be interesting to see the O'Bama Administration
    pick through the minefield of enviro nuts as to what they are going to do, Enviro nuts don't like oil and gas men messin with the water.

    But have no fear--after a couple of indecisive years in office the Republicans take over Congress again and justlike Clinton a Republican Congress will resurrect O'Bama and suddenly O'Bama is a big advocate of drilling and a big advocate of liberal this and liberal that as well.
    And just like Clinton he gets re-elected with the help of a Republican Congress that saves his butt, just like Clinton.
    The R's will give him direction and something to say he accomplished and something to oppose.
    Gee, sounds like the roaring 90's all over again.
    Reply
  • commenter
    Aug 31 09:50 PM
    Obama's Green Promise [view article]
    Keep digging the furrow deeper in your brains so you can continue the one track tax chant while ignoring billions squandered and just plain vanished in Iraq and you don't even care.
    Reply
  • commenter
    Aug 31 09:42 PM
    Obama's Green Promise [view article]
    I'm all for taxing gas to keep it high. I would want to ensure that these taxes could only go towards subsidizing solar and a few other renewable energy resources. However, that's harder than it seems. As one person commented, some politicians would probably find ways to divert the taxes to other things. Even if they didn't, these politicians would see that they have more money overall to spend. But I still think it's worth a try, or maybe we should just make sure that our representatives promise to use a certain amount of money for alternative energy, and also tax gas to keep it high, but make these two acts independent of each other.

    I liked Obama's idea of using 150 billion dollars to get us off of dependence on foreign oil. It's probably not enough money but it's a start. I just wish we had not spent all of that money and a lot more on a war. We could have used it as Obama is planning to do.

    Anyway, I think it's a good article.
    Reply
  • commenter
    Aug 31 09:34 PM
    Obama's Green Promise [view article]
    In June, 1979, President Jimmy Carter proposed a “new solar strategy” to “move our Nation toward true energy security and abundant, readily available energy supplies.” In an effort to set an
    example for the country, Carter had solar panels installed on the roof of the White House West Wing. One of Ronald Reagan's 1st acts as president was to remove the solar panels.
    Reply
  • commenter
    Aug 31 08:43 PM
    Obama's Green Promise [view article]
    You propose an import tax on oil to make it more attractive for companies to produce more oil at home. News flash: it's *already* plenty attractive for them. They go literally to the ends of the earth to find oil and yet still can't replace their reserves. They're being tossed out of the most promising areas abroad by the likes of Chavez and Putin. What's stopping them here then? Obama, Pelosi, and Reid have slammed the door in their faces on our most promising resources. An import tax may or may not be a good idea, but by itself it won't be enough to raise production at home. The most likely effect is that it will raise prices on consumers (good, because it will get them out of wasteful SUVs) and create a profit windfall for the companies as their remaining domestic reserves rise in value to the new market price inside the country. Reply
  • commenter
    Aug 31 05:29 PM
    Obama's Green Promise [view article]
    gee jjason - you must have very a large microwave oven. where do find one of those? Reply
  • commenter
    Aug 31 03:29 PM
    Obama's Green Promise [view article]
    Some good points and lots of misinformation from you bloggers.

    But none of you talk about:

    stopoilspeculationnow..../

    WAKE UP AMERICA!!!

    Take the link and do something to stop the speculation in commodity futures.

    Also, I use solar and my microwave to heat hot water. I have an empty 250 gallon fuel oil tank. I am looking into solar heat and electricity.

    My electric bill in the summer is about $28.00 a month...I hardly need AC in NEPA.

    A bitter guy in PA. who LOVES OBAMA AND BIDEN.

    OBAMA / BIDEN 08
    Reply
  • commenter
    Aug 31 03:23 PM
    My Website
    Obama's Green Promise [view article]
    Most of the proposed alternative fuels are going to take time and money to develop. An effective energy policy needs to include programs to reduce consumption and increase efficiency of energy consumption.

    There is a real easy solution to reducing consumption and increasing efficiency for daily commuters. Currently, the roads are congested by daily commuters driving back and forth from home to some centralized office. In this time of high speed internet, VOIP, VPNs and conference calling, there is no reason for workers to commute across town each day.

    Remote Office Centers make it possible for workers to work remotely from an office near where they live. Remote Office Centers lease individual offices, internet, and phone systems to workers from different companies in shared centers located around the suburbs.

    Remote Office Centers are fairly new, but can be found in most cities by doing a web search for "Remote Office Centers" in quotes.

    Alternative fuels are needed, but they are going to take time to develop. For both the short and long term, this country needs to make sure it is using energy as efficiently as possible. Driving back and forth to an office that could just as easily be located down the street is not an efficient use of oil.

    Many people need to be onsite to work, but these workers can still gain the benefit of lower overall gas demand and less cars on the road.

    America has always been good at innovating. Innovation is just a matter of using existing technology in a new way. Rather than wait for new technology, American workers can start working remotely using existing technology and save oil immediately.
    Reply