erniem

False Data Clobbers the Markets

Let's see.. Rumors about Apple have cut $30 from the share value. That translates to: I bought this perennial loser at the highest it has ever been and am waiting for a miracle.

Plenty of oil: Sure is. Getting it out of the ground is the problem. Ever try to suck oil out of sandstone closed pockets?

China is not a risk. China is building freeways for 200 million cars. If one third that number fills them......... That will add another SIX MILLION barrels a day of consumption, which everyone admits is not currently possible.

O, Inflation. The dollar is in tatters. The current free money policies have destroyed it.

Spreading Oil and Natural Gas: A Post-Labor Day Plan

In ten years NG will be the primary energy source in the US. Probably. Or not. Today there is a huge oversupply. You want to be on energy, go ahead. Just remember that is what it is. A bet. Nothing more, nothing less.

Ominous for the Globe but Good News for Oil Bulls

cjwirth wrote a good bit. The guy who thinks Hitler replaced oil needs to read some history about why Rommel lost in North Africa. Germany did not have enough oil to run their tanks or planes.

Shale oil? Hello. Do some research on what is involved. It's not shale oil, it's soft rock with some petroleum in it. It's NOT OIL. Oil sands? Any idea how much water and energy THAT takes?

Coal? Wake up to one fact. The US and world economy is completely dependent on OIL. A shortage slows the economy. Coal is not oil. The infrastructure to liquify it does not exist. You can not run cars on coal.

15-20 years and we are energy independent? "Dreaming, I am always dreaming." Try 40-60. The infrastructure of alternatives that will replace the current oil based infrastructure is HUGE HUGE HUGE.

Don't look for oil usage to disappear. It won't. Look for a gradual transition if we are lucky and worldwide depression if we are not. Sell that SUV.

Speculation and the Price of Oil: An Unfriendly Note

Cliff Notes: " I am very smart. Why doesn't anyone listen to me? You'll be sorry, I promise."

Ethanol: Our Answer to Reducing U.S. Dependence on Foreign Oil

The answer to the energy crisis is not to produce more energy. It is to drastically alter our lifestyles and stop being the 10% of the world population that uses most of the energy. Stop driving three blocks to pick up a DVD. Stop living in 3000 square foot mansions for two people that need huge amounts of power to heat, cool, and run the appliances, including that energy inefficient sub zero. Stop using up the remaining oil that our children's children will need. Stop depending on God "technology" to come up with a miracle when we need it. Wake up and look around.

Why $200 Oil Is Good for US Markets

I agree with many of your conclusions. The US government has been taken over by spendthrift politicians, who have allowed and encouraged incompetent and corrupt administrators to perpetuate the status quo. Every large US agency, rather than trying to cut costs, lobbies for more money and more employees.

Cheap Silver: Whither the Ratio?

Silver analysis by Chart! LMAO. Speculative precious metals don't succumb to short term analysis. I have all the silver I bought in the seventies and eighties. Most at $4 an ounce, a bit at $10. It went a lot higher IIRC and back down again. I still own it. I will hold onto it. If you are buying silver or gold for short term speculation, there is one word for you: Speculator. It sounds so much better than "Idiot who lost his shorts."

Natural Gas Fund Is Flaming Out

A. The energy costs today are not the reason for foreclosure. Foreclosures are due to ARMs resetting and people buying houses they could hardly afford with zero down and cash back.... And the predators who willingly sold them the loan.

If our average energy costs double, it is still a small part of our budget.

UNG is a fund for speculators. If you want to buy NG, buy CHK, DVN, WLL or other companies. If you want to SPECULATE buy UNG and complain when your speculation was wrong.

Canadian Oil Sands: Gates and Buffett Visit

John Gordon's point is correct. I wonder why these article never mention the startling and immense environmental degradation that comes with oilsands crude production. Currently Ghawar in SA is pumped with about 6 million barrels of water to produce 4-5 million barrels of oil. That is NOTHING next to Oilsand production, which needs 2-5 barrels of water to produce one barrel of oil, and ALSO needs one barrel of energy to produce 2-4 barrels of oil. The waste water is worthless, unreclaimable, and is left in huge ponds, one of which is behind the largest earth dam in the world, thirteen miles long.

Russian Oil Exports: Dropping, But Why?

All good points, one more to consider: Believe NOTHING that comes from the Russian government.

Buffett, Gates Help Bid Up Canadian Natural Resources

One might also consider that Buffet and Gates are relatively green, and their visit might just affirm that the environmental degradation from oilsands crude production is not worth the cost.

Crude Inventories: Largest Weekly Build Since March 2001

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.

Oil: Demand Destruction Overdone?

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.

Recapping My Great Calls on Oil

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.

Natural Gas Prices Set To Surge - Canaccord

robc I sleep well, in the old house I spent a lot of time on insulating.