Ernie Montague

156 Comments

    • Crude Inventories: Largest Weekly Build Since March 2001 [view article]
      Gasoline has dropped almost a dollar a gallon in a month. The gasoline figures show the expected result, people buying and using more gasoline, now that prices are lower. As long as the current crop of cars is on the road, this won't change. Aug 21 10:37 AM
    • Oil: Demand Destruction Overdone? [view article]
      No doubt alternative energy is on the way. Shortly after the expenditure of $1-3 trillion, we will have a fairly viable alternative to petroleum. Probably this century. Maybe as soon as 40 years. Aug 18 10:43 AM
    • Recapping My Great Calls on Oil [view article]
      Yes buy airlines, ford and GM...... Great deals in a world of declining energy supplies, lack of spending money on the part of the consumer, and total lack of any response to a changing auto market by GM. One of the big three automakers will be bankrupt in five years. The airlines can only go one way. And it is not up. Aug 18 10:38 AM
    • Natural Gas Prices Set To Surge - Canaccord [view article]
      robc I sleep well, in the old house I spent a lot of time on insulating. Aug 14 04:00 PM
    • CANROYs Remain Attractive as Oil-Related Investments [view article]
      A nice analysis of the risk factor in production.... Lower oil prices mean MORE consumption and LESS production, thus leading to higher oil prices.

      The Canroys, along with any energy producer, will be volatile and continue to be so. If you want safe income, buy US bonds. If you want risk and more income, Canroys are there.       Aug 14 10:38 AM
    • Natural Gas & Wind Power - The Pickens Plan [view article]
      solar at day and wind at night works for me. Along with every other power source out there. The infrastructure to support an alterative only energy driven America will be on a much larger scale than ten Manhattan Projects. At some point a Trillion or three will be spent. Aug 14 10:29 AM
    • Outlook for Natural Gas Companies [view article]
      Brilliant! And if the price goes down 10% you lose money and get a margin call! If the price of the company goes down 10% you still own the stock.

      Aug 12 09:46 AM
    • Defensive Positions in Energy [view article]
      I'd definitely go long, short or do nothing until things change. Aug 07 01:25 PM
    • Supply and Demand in the Oil Market [view article]
      Oil price is always going to be volatile and emotional. For one simple reason, a finite supply commodity is a decreasing commodity, and the desire to plan for the future will always conflict with the desire to profit now. SA can make money selling at $40. Why should they when they can get $140 by cutting production? Aug 07 12:01 PM
    • Oil Prices Down on Lower Demand [view article]
      I have little doubt we will continue to see massive swings in oil. Last week's gas figures showed increased consumption, which almost certainly was brought on by lower prices. And the lower they go, the more people will pick up their driving. Aug 04 07:58 PM
    • Profit from the Peak: An Enjoyable Read About Our Energy Problems [view article]
      Pursley: Poor old Ghrawar, which started to decline in the sixties but after water injection was revitalized, now needs 6 million barrels a day of water to puke out 5 million barrels of oil. Water cut has gone from 5% to 60%. I am sure you know what that means. So the oilsands in Canada must also have been formed under intense pressure, no doubt?

      8 billion barrels is a small field. Where are the Ghrawars? Where are the new fields of boundless infinite oil? Hint: Infinite means without limit, even our universe has finite limits. The only infinite resource on the planet is the well of your "knowledge". As the last thirty years have seen only a smattering of MEDIUM fields discovered, and the larger ones speculative and deep underwater, where recovery is extremely costly. Is that your shtick? Pimping deep water rigs?       Aug 03 11:33 AM
    • Profit from the Peak: An Enjoyable Read About Our Energy Problems [view article]
      Brian Pursley: Where are all the large deposits, then? And why is oil almost always located in the same sandstone formations dating from the same periods? Aug 01 10:24 AM
    • California Signaling A Housing Bottom? [Housing Tracker] [view article]
      The Ca market is a very complicated one. Many of the homes are located in areas of San Diego county, Contra Costa County and similar areas that have areas of boom built tract homes in very questionable locations, with limited services, flood plains, behind levees, and long commutes. Whether they will ever rebound is questionable. Who wants to live where there are few police, long commutes, and flood danger, and ( I forgot) very real questions about water supply. Aug 01 10:15 AM
    • Move Over Exxon-Mobil, Here Comes Gazprom [view article]
      Yes, and it is a Russian company, an country whose leaders have a long history of taking back resources and nationalizing companies if they see fit. Just don't complain if Putin's cronies decide to give the company to someone at your expense. Jul 31 11:57 AM
    • Home Prices in 20 Major Cities: You're OK If... [view article]
      I bought in 1988, did I do the right thing? My house has lost a lot of value, it is only worth four times what I paid for it, not five. Jul 30 09:30 AM
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