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Below is an Interesting article I found, which says that.....Do not
# n, u& \. k/ R Y3 bexpect much from Crude Oil producers and future is not with the ( z, L* H! ^0 W5 }3 a+ M
companies producing Jet fuels but Biofuels. Also no wonder if some of * V) N, U2 H) }) v7 z
these oil producer will go bankrupt or out of the business even if
) @: X6 N+ K7 ^& q' K4 ]( u2 fcrude prices improves. This implies also to good names such as Shell, & g/ P: k+ p" o$ C
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few # U- J- \8 D( R7 }- X" H( v7 Z
months. There are three wars going on in Gaza, Iraq and Afghandistan.
6 T6 ~, _% d6 o1 N* G3 r" NA year ago these things would have spiked the price of crude oil by at
2 b( T2 @- J& y. P4 Q: l& ~ Y# ]8 h: {least $50.00 per barrel. Today, oil price declined by a record amount.
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% O7 h! j# i/ b: B q8 ]There are several reasons the price of oil is decreasing in the face
3 ~/ t, H% a1 D! L4 L& y5 Mof so much news. These reasons are: # K6 | \( C, ?- ~, A
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; f- A/ T. w# B) I* N2 m1. New oil has been found in Canada, Montana, North & South Dakota and 1 \9 [8 N) b% b2 I& L
in the ocean near Brazil. Each of these oil fields has more oil than
; W) g- X2 S q; CArabia.
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+ E+ }, z% M7 d; B2. New natural gas has been found in Pennsylvania and West Virginia. ( e8 d9 P; N @, L4 ?7 _
This is the largest find in North America. 6 C+ g& i" r* U- O
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3 [1 C7 L, Z2 g$ K+ z( Y3. New methods of injecting CO2 and surfactants into oil wells is
" ?) D" _% h9 Ibeing used to double their output.
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1 n% P6 S) ~( P$ r4. Production of bio-fuels is beginning to reach critical mass. Bio + g$ ?' P! g" D) l( H3 c
fuel is being produced from many plants and algae. The production $ a; c/ t X5 T# L. m
potential per acre in some cases is astounding. Many countries are
" ~5 H; C+ v5 D dracing to produce bio fuels. 3 h2 L% F- J( s; g
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: g3 k' b* f$ I0 P( ^ w( c0 M5. Virtually every restaurant in the US and all food processing plants
; q2 r+ S0 T, \" r1 J+ N. u3 C+ Oare now selling their used oil to bio-diesel producers. Every pork,
, W/ V# z9 a5 F2 ncattle, turkey and chicken processing plant will soon sell their fat
- z+ O2 e" D! w1 t) @; p) n) w1 pto bio-diesel producers. One pork processing plant in Oklahoma is
, F3 t: D) n: T `producing 30,000 gallons of bio-diesel per day from pork fat. 7 X2 D4 w* ~' |+ ^$ `
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6 m2 u/ Q- s$ N5 Y6. There are 99 nuclear reactors in various stages of planning and
/ A3 ?# A9 v% `: Lconstruction around the world at this time. Several hundred more are ) `! Q- ^9 W9 K
expected to be built in the future. Much of the energy they produce * V3 Q; k+ z. Y P9 {! Q
will replace oil.
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7. Every company in any form of transportaion business is replacing 2 t1 R. o' R% W d9 |5 y4 q
older equipment such as trucks, airplanes, train engines, ships, etc. # {' a. j9 ?; _/ i* C% F( c' C
with new more fuel efficient equipment. Airlines and railway companies : B, L, ~" Q" V$ V; [
are experiencing 20% to 25% better fuel econony with the new k7 c/ a5 a$ P5 n, E$ S1 W
equipment.
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$ X% X5 z2 V8 s4 f; h, rAirlines are flying airplanes with bio-fuel. They are finding the bio-
! G3 [4 \% e8 l# q2 Q; Ifuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
/ {8 D2 C* |2 jcapture methane gas from landfills. This is a huge source of gas
3 @8 |) C/ i4 K$ ^available at very little cost or risk. The gas is displacing crude , D+ j& u; t. ^3 l, \% S
oil. " Y2 U. }- z% [
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/ w4 u! B: P. [* k% p0 {$ i9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 k% A8 i6 H3 _! R7 i. B
produced as a byproduct is sold to oil companies for injection into
2 J$ f3 G6 b, v& K# ^8 coil wells. 2 ]" o# ? {) k0 [
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10. Solar, wind and ocean energy is displacing oil as an energy
' F1 I V& E4 G, ]( Xsource. 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
" ]/ z. C$ v+ D0 r% w" O; s; @price of crude oil but the sum of all of them together is world
( l; `7 A, h3 X5 S" uchanging. The important thing is that OPEC no longer has the ability - t1 M) Y7 b/ \) M" A# X$ Z
to control oil prices. . T2 C ^4 o8 K; G4 z: u
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With the above scenario, I still believe that there are under # j1 ?. O* ?& ?
performed OIL companies and probably they are yet to get the justified
, E/ r; ?5 a" K/ D# |value .....
% S1 s) Y3 a( r A: ~IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... " @. s5 }6 T4 r) H, U( Z
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. i4 I) W- g! ?: EThe above articles are from WSJ .............PUBLISHED ON 9TH JAN # _3 q! Z- T R% |8 M
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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