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Below is an Interesting article I found, which says that.....Do not
1 r3 P5 x9 d8 \* F4 U- Y0 Hexpect much from Crude Oil producers and future is not with the ( s+ B6 i5 ~8 i* S" [
companies producing Jet fuels but Biofuels. Also no wonder if some of
( b2 [$ n7 L. [+ zthese oil producer will go bankrupt or out of the business even if
6 }$ s `; q% l4 v% h0 f0 qcrude prices improves. This implies also to good names such as Shell, , F3 v% u% K6 F# ~( t/ @& [
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
3 Q ~3 ] O9 Z kmonths. There are three wars going on in Gaza, Iraq and Afghandistan. , O/ J+ i+ @, D Y, I
A year ago these things would have spiked the price of crude oil by at * ^; T4 l& C- x/ T
least $50.00 per barrel. Today, oil price declined by a record amount.
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+ d3 d' n% G8 @, D
, L- f8 W7 U: l/ ~There are several reasons the price of oil is decreasing in the face 4 z. b9 P N- n% y
of so much news. These reasons are:
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' N N4 z9 p( b) R( [; \1. New oil has been found in Canada, Montana, North & South Dakota and % @8 e* E! }) [8 e/ R$ O
in the ocean near Brazil. Each of these oil fields has more oil than
* v) M' M2 {4 E- ?8 D8 tArabia.
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, o) l' u2 @5 S5 Z4 S: I, B( Q
/ ]8 x( B# N0 t J. Z% l* {2. New natural gas has been found in Pennsylvania and West Virginia.
( e! E0 M5 |4 | S vThis is the largest find in North America. 9 u# B. x l: Y+ S
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# Z, ?6 }5 e7 j7 r$ M+ n) N3. New methods of injecting CO2 and surfactants into oil wells is " K+ H3 T2 r6 B& A4 V+ z- ]' e2 O* D
being used to double their output.
3 `: l$ L$ P: A/ c0 Y. S: d1 X; @. c
* d7 M: q8 r/ |0 P: p! e$ T4. Production of bio-fuels is beginning to reach critical mass. Bio - p# p& T' D5 S5 F; h
fuel is being produced from many plants and algae. The production
( z" G( G( i- o, K$ i' zpotential per acre in some cases is astounding. Many countries are ) ]3 t* B# ?: q0 C- v
racing to produce bio fuels. ) Q5 c. Q5 Z" t; q# X7 b
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5. Virtually every restaurant in the US and all food processing plants
/ O$ Z- l6 c5 N, h+ k. uare now selling their used oil to bio-diesel producers. Every pork, 8 _9 ^8 j/ _' }" {6 Q Z- `
cattle, turkey and chicken processing plant will soon sell their fat ) Q7 t" n$ j- K, u L
to bio-diesel producers. One pork processing plant in Oklahoma is v1 }& m( K! R/ I; ^; X! w! e
producing 30,000 gallons of bio-diesel per day from pork fat. A# l) }% k n( y1 L
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3 f6 `2 w: w, w; J6. There are 99 nuclear reactors in various stages of planning and * q9 [0 b2 ~8 ~# E
construction around the world at this time. Several hundred more are
+ M; \- w8 L* M S+ F" |expected to be built in the future. Much of the energy they produce 4 y, _5 V+ ~% }% F
will replace oil. ( ~! B& n/ |7 b1 T) ?% |
4 ^9 b& {; s. V; ?( O2 G* b
4 B* P' D3 j9 L6 c3 v7. Every company in any form of transportaion business is replacing : G7 q7 V8 l. N, `2 n7 I; f! G
older equipment such as trucks, airplanes, train engines, ships, etc. - J9 z8 o) W) t' i# S* S" ~# X
with new more fuel efficient equipment. Airlines and railway companies
9 T5 t& s3 F- I/ }' t1 J% vare experiencing 20% to 25% better fuel econony with the new
, B6 P6 D/ v& ?6 o K0 d$ V" ]equipment. 9 p! Z0 t, E1 s/ w& n
* h" U3 o- I2 r6 }: X0 G/ t0 b/ w3 a9 i: E: o. e1 x& ], [" F% X; R
Airlines are flying airplanes with bio-fuel. They are finding the bio- " i# A3 k7 ]% ^: e
fuel is cleaner and performs better than jet fuel. 5 C7 N$ c+ P/ s& I6 s7 ], G0 @/ R
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8. Cities and counties throughout the US are selling the rights to
* z* c" f' g* ~; t2 X) I- wcapture methane gas from landfills. This is a huge source of gas
& d; B3 d# F3 T8 F1 \3 Aavailable at very little cost or risk. The gas is displacing crude + K6 y0 {" w* Y
oil. w) ]2 w! a" F
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 7 y: i- H& T" b0 b1 l
produced as a byproduct is sold to oil companies for injection into
, U* w O1 a0 j; ]) o# b6 Z1 {! y" doil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy
8 V/ K; H5 B: \1 ^5 b* e! j, asource. Three new wind turbines are being erected every day in the US. 3 _! h; }' |2 K! w
3 B9 u2 ]# R. P( c0 w- ]% |* |5 ~5 b6 _
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Each of the above by itself will not make a large difference in the $ V/ N2 [; C" C
price of crude oil but the sum of all of them together is world
m, W9 k0 h8 e) N/ ^' A1 Qchanging. The important thing is that OPEC no longer has the ability 8 R1 V: r2 a9 H y4 k* r0 W
to control oil prices. " i# b8 ~. t; F- F
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* B$ E* \* d# _' t: g& `3 W; yWith the above scenario, I still believe that there are under 0 G& R4 D+ R# x% R! f
performed OIL companies and probably they are yet to get the justified
) i7 j* V8 b# u( Cvalue .....
8 l# I: e0 h2 @9 J, RIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ' ~& p# v. G6 w
. m4 g2 g; {. Y7 } y( i6 F. ~
; T; w+ {8 N0 a6 l9 T, `The above articles are from WSJ .............PUBLISHED ON 9TH JAN - _; w2 {" N+ \5 a) @7 A
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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