William Vernisie

Faux Economics: American Recovery and Reinvestment Act

If anyone cared to read my prior comments on the economy, they wouldn't question my pragmatic view. I feel that the administration has launched a large scale PR campaign complete with shining falsehoods. As the article stated, road crews are out fixing roads in Mass. at all hours of the day (and paying that overtime). If it wasn't for the financial fiasco, would those road crews be out fixing delapidated streets or would front ends on cars be out of alignment because of pot holes? Why weren't these same streets important BEFORE the collapse started? Why couldn't the gov't have parted with some bucks to create a better infrastructure that could eliminate traffic congestion and save a couple of bucks (or gallons) on gas that would be be beneficial in saving the entire economy money on energy costs. Why throw money into saving an economy reactively when, with a little forethought, they could have created a better economy proactively by spending in order to build and save. The recovery act is just that, and act. A bandaid on a shark bite.

Wall Street Breakfast: Must-Know News

I am floored over the knowledge that the SEC had and the complaints lodged against Bernard Madoff and submitted to the SEC going back to 1992. But it actually is a reflection of the government of this country. They just don't seem concerned! Knowledge that could have brought this to an investigation years ago existed. Knowledge of terrorist attacks never being acted upon. Even back all the way to World War 2, having intercepted Japanese correspondence relating to the attack on Pearl Harbor. They just don't care. Maybe, if a smart lawyer found a reason to name the feds in a class action lawsuit tied to Madoff and created a multi-billion dollar case against said, maybe they might become concerned. Maybe.

Eight Reasons Bank of America Is Going to $20

One reason why I don't think it will go to$20: Ken Lewis!!! How can you acknowledge reporters and tell them that you told everything you knew at a hearing on Thursday? Mr. Lewis, do you honestly think people are that naive?

Eight Reasons Bank of America Is Going to $20

One reason why I don't think it will go to$20: Ken Lewis!!! How can you acknowledge reporters and tell them that you told everything you knew at a hearing on Thursday? Mr. Lewis, do you honestly think people are that naive?

Tar Sands: How Much Is Out There and Can Nuclear Help?

Oil sands extraction needs more environmentally friendly methods of extraction or we are only kidding ourselves in regard to the enviromental issues. Only thing I see wrong with the article is the math; 173 billion barrels divided by 84.3 million comes out to 20,521.9 days, or about 56.2 years. Factor in an annual escalation and you're still talking 40+ years. Factor in new technologies such as nuclear and areas in the U.S. such as the Green River Basin will become more viable. This area is also huge. One drawback though, fresh water is becoming a very valuable commodity, one that we can't afford to waste as a pressure medium.

Oil Price vs. Gas Price: Is $1 a Gallon Realistic?

Paultaut, me thinks you hit the spike on the head. At this rate, it now costs to add ethanol to gasoline. But than really, was ethanol ever a cheap filler to reduce the consumption of fossil based fuels?

Avoid Investment Scams - and Bad Advice

The last pump and dump stock I received via email sounded so enticing until I looked at the 10Q. Mind you, this up and coming energy company had years (2 to be exact) of experience, in online jewelry!!! Even their auditer had his doubts about its ongoing abilities... no more money. Unless of course we sell more stock. How about selling a product or service, maybe? Corporate shells are cheap and reverse mergers are all popular with the swindling bunch (and their hypsters) that only wants to profit off the stock equity and to hell with the shareholder.

Oil: This Isn't a Bubble

New oil discoveries... such a pretty sounding phrase. The problem is, those new discoveries will most likely be small folds of oil between two sheets of rock. Hard to drill and harder to extract. We currently use very sophisticated methods of locating oil and we are still coming up empty-handed. All the easy oil is being pumped. With oil being at the $140 level all oil deposits, including shale oil and tar sands are looking mighty feasible these days. It's only the technology that holds us back. Also, the gov't. will have to release land it now doesn't permit exploration on. We have no other alternative oil "discoveries".

Solar Energy IPO: ReneSola Competes With LDK Solar

Thin film technology is definitely the direction industry is leaning towards and I think the individual investor should be looking more in that direction as well.

Stock Spam Really Works: Just Ask the SEC

There is a way to make the spam work for you but it takes discipline. Get in and get out and be happy with a 20 or 30 percent gain. Remember, 20 percent in less than a week is like 1,000 percent over a year.