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Below is an Interesting article I found, which says that.....Do not
; _& j: v1 J/ J3 U2 Q/ wexpect much from Crude Oil producers and future is not with the
, d" [- j3 }5 y( tcompanies producing Jet fuels but Biofuels. Also no wonder if some of 4 w& M% t! W5 f5 R- z- \
these oil producer will go bankrupt or out of the business even if
# e, {8 e/ J: k4 W# @crude prices improves. This implies also to good names such as Shell,
6 z4 ]" c- H. \1 m$ F) g1 SEXXON, BG, BP, Cheveron ....xyz.. oils 7 t% h9 p: P4 N/ @9 r) m, U: l
; H* ~" m- S( X W" E! V3 fRecently OPEC reduced crude oil production twice over just a few & Q# y) S; r9 Y/ k
months. There are three wars going on in Gaza, Iraq and Afghandistan.
$ ]0 g# u/ `8 U+ b- d2 sA year ago these things would have spiked the price of crude oil by at
8 h' s9 e# j1 z& a7 `6 e! Yleast $50.00 per barrel. Today, oil price declined by a record amount. 6 z) p0 O/ X* {+ j
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There are several reasons the price of oil is decreasing in the face
2 O( B/ K0 t$ i1 A5 [8 Qof so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and 0 f0 {! {, Q5 X8 u$ i/ H
in the ocean near Brazil. Each of these oil fields has more oil than $ V) o6 D4 d2 v
Arabia. ) ?/ S( A9 W/ l4 V9 \4 I
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2. New natural gas has been found in Pennsylvania and West Virginia.
0 u7 U7 G, x4 O2 ]This is the largest find in North America.
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& R& G1 ]7 y [/ v0 O% U; }3. New methods of injecting CO2 and surfactants into oil wells is
0 v5 c0 j q. D) J$ ~ Z, Bbeing used to double their output.
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9 p" x& ^4 O3 S1 r; k* K6 n* R0 h4. Production of bio-fuels is beginning to reach critical mass. Bio ; Q7 }' T0 w2 s! e. k
fuel is being produced from many plants and algae. The production }: Y" _6 h& ]) K: Q o
potential per acre in some cases is astounding. Many countries are ( k1 _, L4 n- e: t* P. z c! A e5 y
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants ! F! Q, d' R( h' |5 Q4 u" |# y2 B
are now selling their used oil to bio-diesel producers. Every pork, 3 K) G. N9 h1 ]
cattle, turkey and chicken processing plant will soon sell their fat
0 f- t5 |0 T1 _, sto bio-diesel producers. One pork processing plant in Oklahoma is 8 n' ?6 r$ K# Q0 n s/ h# I
producing 30,000 gallons of bio-diesel per day from pork fat.
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3 E# D& J, o n6. There are 99 nuclear reactors in various stages of planning and
7 k$ l; P8 h. W3 }5 ^) aconstruction around the world at this time. Several hundred more are
. m" T; U& n, [5 Q1 D; ]5 L# kexpected to be built in the future. Much of the energy they produce
- K8 q( o( }' Y* V; J, u, p3 owill replace oil.
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7. Every company in any form of transportaion business is replacing
& n& u2 L+ Q: b! {. m+ _1 Z. Iolder equipment such as trucks, airplanes, train engines, ships, etc. 4 J4 J. ~2 b7 n& D& O, O O) [
with new more fuel efficient equipment. Airlines and railway companies % A7 Y7 I4 C% j1 u: c2 P4 c- {- o, ]- m
are experiencing 20% to 25% better fuel econony with the new 5 b- F0 i9 F% E1 A2 w
equipment. / a# g# S/ k3 m9 ~
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
# F( m3 w ^ i$ Y9 Cfuel is cleaner and performs better than jet fuel. * z9 ~, R! ~: s/ k, Y2 |1 @
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3 M7 G" J+ Z& ~' f7 b: Z8. Cities and counties throughout the US are selling the rights to
% K6 X3 w: G0 I- s' ?capture methane gas from landfills. This is a huge source of gas 5 N7 F. f1 h# N$ M- i& f
available at very little cost or risk. The gas is displacing crude ( ~7 m; ~: a x- V* E- U
oil. : a0 S+ E, a( D# y+ C: p1 F, Z' @% [
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
/ r9 P. g3 W" w% H. Qproduced as a byproduct is sold to oil companies for injection into 7 T2 z6 \3 g( s) h. _0 m5 l4 a7 D
oil wells. 4 s# g" J [% J: o% r6 r* a: t
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10. Solar, wind and ocean energy is displacing oil as an energy
! |% i) B$ M, a6 a# T5 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 2 ]9 |! K9 a) l5 E
price of crude oil but the sum of all of them together is world
: ~% }, _( s& Z! G$ ]$ I- a' S! vchanging. The important thing is that OPEC no longer has the ability " l4 b8 r" E9 x, i# n' N4 V
to control oil prices. , v1 K6 @0 \0 [. T4 h
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+ k7 M! p. `6 A4 {& o2 b8 CWith the above scenario, I still believe that there are under 7 |, E, V: i9 U) j( [
performed OIL companies and probably they are yet to get the justified . `9 h3 E1 e* Y
value .....
, F+ m( v; L! J7 k6 _- T2 z- B, nIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... : j$ s3 v+ e$ l- d$ \: ~& G
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2 o/ S, b6 o7 T ^0 xThe above articles are from WSJ .............PUBLISHED ON 9TH JAN 8 t) M; z; x2 D6 ]7 z3 c' L7 d( l# J
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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