Ernie Montague

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  • Saudis Try to Re-Invent the Internal Combustion Engine
    What giant new fields? They have one giant field, aging Ghawar, and a host of smaller ones that have not shown to be anywhere near as productive as anticipated.
    Dec 10 11:08 am |Rating: 0 -1 |Link to Comment |View article
  • 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.
    Aug 24 12:15 pm |Rating: 0 0 |Link to Comment |View article
  • Russian Oil Exports: Dropping, But Why?
    All good points, one more to consider: Believe NOTHING that comes from the Russian government.
    Aug 22 08:48 am |Rating: 0 0 |Link to Comment |View article
  • 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.
    Aug 21 10:37 am |Rating: 0 0 |Link to Comment |View article
  • 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.
    Aug 18 10:38 am |Rating: 0 0 |Link to Comment |View article
  • Defensive Positions in Energy
    I'd definitely go long, short or do nothing until things change.
    Aug 07 13:25 pm |Rating: 0 0 |Link to Comment |View article
  • Oil Prices Down on Lower Demand
    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 19:58 pm |Rating: 0 0 |Link to Comment |View article
  • Do Oil and the Market Still Have a Lot of Downside?
    I agree that the market will either go up, down, or sideways, and that energy stocks will rise or fall.
    Jul 29 11:26 am |Rating: 0 0 |Link to Comment |View article
  • When Does an Energy Investor Make Money?
    Wow! "Tsunami Investor", a new buzzword. This will alter the paradigms of the I/O transactional benefit analysis in a alpha positive direction, mark my word!
    Jul 21 12:44 pm |Rating: 0 0 |Link to Comment |View article
  • Oil Sands: Will the 'Greens' Cause Us to Miss Out?
    There are some serious green questions about oil sands. Production is incredibly dirty. NO doubt production will increase. But let's not just write off the hundreds of millions of barrells of toxic unclaimable water and hundreds of millions of tons of dirty sand as meaningless.
    Jul 21 11:08 am |Rating: 0 0 |Link to Comment |View article
  • What Can the Saudis Do to Bring Down Oil Prices?
    ELECTRIC cars and hybrid trucks. Good idea, as electricity grows on trees.
    Jun 19 10:14 am |Rating: 0 0 |Link to Comment |View article
  • Saudi Oil Meeting Scenarios
    Will oil prices drop due to this strategy? Probably. 1.5m barrels a day of light is a lot of oil. The interesting thing is the plan to inject 4.5 m barrels a day of water into Ghrawar. That almost doubles the current water injection rate, and is pretty much defacto proof that Ghrawar's ability to produce is in decline and will, in the next few years, decline yet more rapidly. Not a pretty picture. Partiuclarly for a field that once produced huge amounts of oil with very little water cut and no injection, and that today need water injection greater than its daily oil production and is running up to 60% water cut.
    Jun 17 09:22 am |Rating: 0 0 |Link to Comment |View article
  • Oil Hits $140: What Could Trigger a Reverse?
    shale and oil sands are enormously destructive in oil production. The waste and destruction is shocking.

    Coastal drilling should start yesterday.

    Another buck in gas prices should produce a drop of at least a million barrels a day in gas consumption, which should have an effect of prices.
    Jun 17 09:07 am |Rating: 0 0 |Link to Comment |View article
  • Drilling in ANWR: What's Not to Like?
    There are no steel cables used to transmit electricity. Older ones are copper, newer ones are ACSR ( Aluminum Cable ( most of the cable), Steel Reinforced). Transmission loss is not the problem. The chances or removing the entire ACSR infrastructure to replace with some high tech superconductor are negligible. The cost would be huge.


    Anwar does not have enough oil to do more than lower oil prices for a few years. It is NOT a huge field.

    Oil sands are so INCREDIBLY polluting during oil production, and so water and energy wasting that you simply have to research them to understand the low likelihood of ever reaching Saudi levels of production. Unless you can find several new rivers in Canada that are not there now, oil sand production is limited by water supply.
    Jun 13 10:40 am |Rating: 0 0 |Link to Comment |View article
  • 1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
    As often is the case, Phd is the abbreviation of "piled higher and deeper."

    Not a word about the most important things: The reserve numbers include Oil sands and shale, two hydrocarbons which are not only insanely expensive to turn into oil, but need so much water and energy that the end sum is a product that costs $40 a barrel and uses so much water that Canada barely has enough to produce the low levels of oil sands product they turn out today. The potential of oil sands is locked up in the need for water to produce and a place to put the millions of barrels of waste water. And sand.

    Further the SA figures are pure conjecture, water cut and injection at Ghrawar is at 40% - 50% and 7 million barrels a day. Hardly an indication of a healthy well.

    Drilling five miles into the sea is hardly a promising future. Is there more recoverable oil? For sure. Is it low hanging fruit? Well actually you will need a truck with a motorized extension ladder.
    Jun 12 08:59 am |Rating: 0 0 |Link to Comment |View article

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