Ernie Montague

172 Comments

    • Wall Street, R.I.P. Now What? [view article]
      I guess all those Phds at Goldman must have skipped a few classes. Sep 22 10:39 AM
    • High Dividend Stocks and Preferreds Soar [view article]
      I wish I had bought NRO at 5.50 two days ago LOL Sep 19 04:28 PM
    • The Next Bubble [view article]
      Wow, some of you are living in a dream world. Hedge funds made 20% returns for years because mutuals generally did not hedge, by law.

      Currently hedge funds are doing VERY poorly. The problem with any type of fund is that when a few are doing it, it works, When everyone is, nobody makes any money, hedge fund or not. Why? Because the once everyone targets the same stocks, they are quickly played out. The black box boys are hurting bad this year.

      Here you go:

      news.moneycentral.msn....       Sep 12 10:40 AM
    • Exxon Shareholders Suffer a Windfall Loss of 13.7% [view article]
      I agree. We should also windfall tax Ford, GM, all the insurance companies and every hedge fund, in fact every stock out there, as they all benefit in some way from gubmint interference. In fact let's take them over and nationalize everything and appoint a committe to run them. Aug 31 11:49 AM
    • Energy Firms Should Look to U.S. Shale - Barron's [view article]
      Shale oil is truly the energy of last resort. The difficulty of extraction is sky high, and the environmental degradation is mindless and huge. At some point will people stop, look at the planet, and ask: "How much of the skin of the planet can we destroy before it no longer supports life?" Aug 31 11:25 AM
    • False Data Clobbers the Markets [view article]
      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.       Aug 30 11:12 AM
    • Spreading Oil and Natural Gas: A Post-Labor Day Plan [view article]
      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. Aug 30 10:28 AM
    • Ominous for the Globe but Good News for Oil Bulls [view article]
      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.       Aug 30 10:12 AM
    • Speculation and the Price of Oil: An Unfriendly Note [view article]
      Cliff Notes: " I am very smart. Why doesn't anyone listen to me? You'll be sorry, I promise." Aug 27 10:34 AM
    • Ethanol: Our Answer to Reducing U.S. Dependence on Foreign Oil [view article]
      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. Aug 27 09:56 AM
    • Why $200 Oil Is Good for US Markets [view article]
      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. Aug 24 12:15 PM
    • Cheap Silver: Whither the Ratio? [view article]
      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." Aug 23 12:00 PM
    • Natural Gas Fund Is Flaming Out [view article]
      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.       Aug 23 11:42 AM
    • Canadian Oil Sands: Gates and Buffett Visit [view article]
      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. Aug 23 11:36 AM
    • Russian Oil Exports: Dropping, But Why? [view article]
      All good points, one more to consider: Believe NOTHING that comes from the Russian government. Aug 22 08:48 AM
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