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! b4 J5 g; T0 Q: H4 q' z$ ?' e- ABelow is an Interesting article I found, which says that.....Do not
# \& F0 N3 E9 Kexpect much from Crude Oil producers and future is not with the 2 |/ w) C3 D7 a& z/ g# s
companies producing Jet fuels but Biofuels. Also no wonder if some of
4 U j3 Q3 V/ |3 f othese oil producer will go bankrupt or out of the business even if
. Y2 j0 ]/ x0 _0 Y( Xcrude prices improves. This implies also to good names such as Shell, ) B( M7 J7 i& X# o
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
k* U. Y0 P% Z; p! J4 ~9 smonths. There are three wars going on in Gaza, Iraq and Afghandistan. : g0 `; a, c: _) N! `$ E ?& m4 e
A year ago these things would have spiked the price of crude oil by at
# ~$ W" U1 {4 T1 mleast $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face
# a9 Q" @# s4 [( J" K7 ^of so much news. These reasons are:
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. _$ @ q* J* N# L1 b. d+ R1. New oil has been found in Canada, Montana, North & South Dakota and , J. h: I1 g+ f' i% ?7 ]
in the ocean near Brazil. Each of these oil fields has more oil than m+ O( w( b/ N) R0 @+ x
Arabia. 2 z( h1 E) T1 v- T( n" a4 ~+ S
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2. New natural gas has been found in Pennsylvania and West Virginia. # S! D5 ~3 O3 N. a* f
This is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
3 l% |% K. y, R; o& H$ e9 Obeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio / z( U* S* S) }; c+ G
fuel is being produced from many plants and algae. The production
9 p9 T3 q3 n3 d6 q+ }, l6 ypotential per acre in some cases is astounding. Many countries are
' }% Y6 _& l) f$ o Pracing to produce bio fuels. # k$ b1 h, X7 w. U
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- m* F' L! E2 Z: ~% n8 Y6 g5. Virtually every restaurant in the US and all food processing plants
$ Y+ @$ n! u1 W' ~8 |4 A3 eare now selling their used oil to bio-diesel producers. Every pork, * A, _3 r( T I8 i5 x3 ~7 ?( K( U. z
cattle, turkey and chicken processing plant will soon sell their fat 3 C; S, j+ `# B
to bio-diesel producers. One pork processing plant in Oklahoma is 4 j+ L! Q" U* v1 l7 V$ b ^
producing 30,000 gallons of bio-diesel per day from pork fat. # [9 @( M6 S/ C5 `. b" a
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6. There are 99 nuclear reactors in various stages of planning and
. [! W2 q9 A& [) ]construction around the world at this time. Several hundred more are
5 e* g5 {% u! X* q# W) Xexpected to be built in the future. Much of the energy they produce
5 T# w4 J3 E- X4 X5 g, D) N* ?will replace oil.
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- k2 w- Q, F8 u4 K7 l7. Every company in any form of transportaion business is replacing % h7 ?4 n3 H# S2 Z8 E; m. K+ o
older equipment such as trucks, airplanes, train engines, ships, etc. 7 |* C7 `( z* Y9 c! d& X
with new more fuel efficient equipment. Airlines and railway companies / R4 N, Y1 {6 _6 a/ g
are experiencing 20% to 25% better fuel econony with the new 8 K/ p8 a$ L3 D. o
equipment. , D% f7 s1 o' T; A
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3 e {( U/ r; `7 gAirlines are flying airplanes with bio-fuel. They are finding the bio-
) E+ Q7 y' o4 _* N6 P) m) K; U; Ofuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
! Q, L$ {5 L' _5 j4 H; [0 s: zcapture methane gas from landfills. This is a huge source of gas
- }) Z7 F: G9 ` c i% z0 tavailable at very little cost or risk. The gas is displacing crude
/ `1 F2 D7 n* o* Z, a) l+ |. S! Coil. & r- w3 V) J/ X& H8 o
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0 F/ x$ M6 t8 T' A1 n e9. Coal is being transformed into a clean burning liquid fuel. The CO2
2 f5 r) y/ f5 T+ R, }produced as a byproduct is sold to oil companies for injection into
& m% K# Z/ E+ ?9 M L9 a A$ `. `oil wells.
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6 F, j! c; |# ^" @! R( z, K& N7 r# d: y8 T10. Solar, wind and ocean energy is displacing oil as an energy ) d5 X/ t- Z) Q! s
source. Three new wind turbines are being erected every day in the US. 4 C) z) ~' k- w- h
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" g3 [% a0 e/ S$ K& UEach of the above by itself will not make a large difference in the
1 ^" Q8 x$ ^& f% E0 c4 c& gprice of crude oil but the sum of all of them together is world $ d- j4 o1 v; M0 Z* M
changing. The important thing is that OPEC no longer has the ability
. x. V2 I3 h9 F8 U Z2 Kto control oil prices.
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+ P( U1 Z# U1 I+ o2 B& [With the above scenario, I still believe that there are under 3 l" Q- a' N5 n6 N
performed OIL companies and probably they are yet to get the justified
5 X9 Q2 O' m+ \8 P( Svalue .....
/ h# v$ { ~4 _. eIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... - M) U0 f7 ~8 ]! \
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
$ H! T0 p* p0 K" f, X* Q2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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