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' F3 Q$ ]4 Y* nBelow is an Interesting article I found, which says that.....Do not
F w3 v9 r" s9 N, Yexpect much from Crude Oil producers and future is not with the
& y9 v1 N) b% O, ]/ Icompanies producing Jet fuels but Biofuels. Also no wonder if some of
O& k' |" e2 K4 i9 ~; `. k kthese oil producer will go bankrupt or out of the business even if
: ]5 l5 E ?# \/ wcrude prices improves. This implies also to good names such as Shell,
+ f8 V9 @/ v- c- p5 g2 V2 {9 F+ \! ]EXXON, BG, BP, Cheveron ....xyz.. oils ' O6 z/ k9 s* o
8 O6 m$ `" v9 p, ZRecently OPEC reduced crude oil production twice over just a few
0 K: C$ \9 Q# m! S0 n; Y0 ymonths. There are three wars going on in Gaza, Iraq and Afghandistan.
9 y4 D8 P/ {9 vA year ago these things would have spiked the price of crude oil by at 9 f9 Q; L, m" d1 v
least $50.00 per barrel. Today, oil price declined by a record amount. ! e$ }2 ^5 g, d* F9 { Z x8 ~
$ P$ }1 w" \# [- @- h g; H
1 \1 u' n+ k( W% tThere are several reasons the price of oil is decreasing in the face
; h# |) L& G$ {of so much news. These reasons are: & j7 u4 E- w, i& D7 j9 u- c1 S1 j
7 |, e9 f' k/ \ B# H8 m
& X" @3 {) c/ |9 j C1. New oil has been found in Canada, Montana, North & South Dakota and
D- [0 B9 d# R* \in the ocean near Brazil. Each of these oil fields has more oil than
) {& G5 k W, a7 Q8 e+ SArabia. # e7 t% m( v" z4 E4 n4 O' w9 `5 w
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q# g% S' C+ F: O7 o: Q2. New natural gas has been found in Pennsylvania and West Virginia.
9 d/ H& |+ P. h$ H9 l8 N5 UThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
. I4 r5 ^! B7 w3 S4 n- obeing used to double their output. 5 n) F5 Y4 U9 F6 R+ z' t$ P
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" W2 h% O: U k2 U+ b4. Production of bio-fuels is beginning to reach critical mass. Bio 1 M7 _" R2 g# ]- {( K0 k: q
fuel is being produced from many plants and algae. The production j$ p, Q- H4 j0 B' _
potential per acre in some cases is astounding. Many countries are
4 }* r3 b( D8 B4 I, ]racing to produce bio fuels.
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+ U- ]) x7 u6 m2 u6 `- }
5. Virtually every restaurant in the US and all food processing plants
8 \$ R, M( u8 c+ L; B$ r5 z3 }are now selling their used oil to bio-diesel producers. Every pork, * R' _9 Q* g. P4 g) V
cattle, turkey and chicken processing plant will soon sell their fat 3 P+ a2 {- Y& D& N7 @3 L2 L
to bio-diesel producers. One pork processing plant in Oklahoma is
- m# }; Q: R: `producing 30,000 gallons of bio-diesel per day from pork fat. 4 l. p8 _0 D+ g) j% e/ A
7 a+ F( h9 K/ q, \1 Y# [5 U3 t: |, i3 D# x
6. There are 99 nuclear reactors in various stages of planning and
' { x4 s5 M# {5 A# v6 m$ Kconstruction around the world at this time. Several hundred more are
7 i1 C! Q( F. ^8 d! i9 f& \expected to be built in the future. Much of the energy they produce . e6 q; f1 {7 U7 J( k d
will replace oil.
+ s" M8 i5 b4 }9 W) T+ I9 P% }8 ]$ f6 P( m8 t9 g( ^3 f. N
% e5 I5 b' C$ @5 K4 p0 O0 j/ \7. Every company in any form of transportaion business is replacing $ g# q ~ q! g5 R
older equipment such as trucks, airplanes, train engines, ships, etc. $ |' U3 v, P: j
with new more fuel efficient equipment. Airlines and railway companies
% \ `6 j9 V. |' l3 r5 T" ~are experiencing 20% to 25% better fuel econony with the new
/ p2 d! u0 ~3 `( x5 f; yequipment. ( t! K2 E; t; l# l" d* J% m7 U" p4 P
6 B7 e7 B+ J7 v: Z4 L
k- D' m& T, b0 i% C! x" ]
Airlines are flying airplanes with bio-fuel. They are finding the bio- ' {% @ V" O6 R$ W% S
fuel is cleaner and performs better than jet fuel. 4 T1 Q2 v. m9 G/ ]
6 F! K5 L+ b Q* L! ?
% i2 C2 n `" k8 q8. Cities and counties throughout the US are selling the rights to 3 z; u5 x9 E* Y& h1 f$ `/ r
capture methane gas from landfills. This is a huge source of gas
J& v& e% s6 @; Navailable at very little cost or risk. The gas is displacing crude
# z; \5 W5 z& b* k; joil. 2 w! ^) n0 L4 |& ~3 i& i, e
& f# K6 P* ^; j+ \6 B+ X
2 R( S$ R3 B/ f8 W( O9. Coal is being transformed into a clean burning liquid fuel. The CO2 ) E" G l( I: w2 t3 ~. n( G* m
produced as a byproduct is sold to oil companies for injection into
, h- Z3 S; P$ ]$ H6 `* Roil wells.
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7 S5 a. `5 N2 U {% L5 B: p+ B
4 o! W& i6 J$ p, l7 j10. Solar, wind and ocean energy is displacing oil as an energy
, o# U; b7 M( Q' c, i0 A6 Ksource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the
- f1 _3 H4 f" a5 Tprice of crude oil but the sum of all of them together is world
. i8 a9 O& I9 @8 Tchanging. The important thing is that OPEC no longer has the ability ; M; g. V) y Y( L4 P( r* T
to control oil prices.
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4 ]; r8 x6 D |# d1 f/ NWith the above scenario, I still believe that there are under
0 A. o9 N( B( d: l) L) a& h% @performed OIL companies and probably they are yet to get the justified
9 }" y! x+ e6 e6 h, p: Zvalue ..... 0 \8 T$ G7 n! s5 _9 _9 i0 i
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... $ Y% P3 c& p/ U7 u+ }
- C- y3 k' H! _) L" {# I! @3 c
6 \7 Z1 u; W! J4 C; SThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
( |/ I+ [* X/ h& z b4 M0 m2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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