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* v1 B, R) n' }3 [. O) oBelow is an Interesting article I found, which says that.....Do not ( s7 E: X! S4 y1 Q$ v; I) b
expect much from Crude Oil producers and future is not with the 8 x: m! c' S, r
companies producing Jet fuels but Biofuels. Also no wonder if some of ) _ o* E0 r+ e* O! i, H
these oil producer will go bankrupt or out of the business even if
" L K5 e+ g. }1 m! }crude prices improves. This implies also to good names such as Shell,
" a ^0 A; \, J! l. x# MEXXON, BG, BP, Cheveron ....xyz.. oils
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: ]& ]) _* U1 b' `/ T$ G( t( P9 eRecently OPEC reduced crude oil production twice over just a few C. V3 y, f" t1 n* K+ D" `
months. There are three wars going on in Gaza, Iraq and Afghandistan. & [/ |6 ?) j, p0 F1 I$ V' V
A year ago these things would have spiked the price of crude oil by at
7 G0 ~' u8 }" I% y3 Fleast $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 2 R8 J0 h2 Z& f. q/ ?6 f
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and ; K- `9 B( r& }; M6 N( _
in the ocean near Brazil. Each of these oil fields has more oil than
2 F* |# J( N: E! _Arabia. $ ]+ x, ]% H2 ?
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2. New natural gas has been found in Pennsylvania and West Virginia. # T$ j$ {( g3 `0 T( G- G* Q
This is the largest find in North America. , j S9 x1 ]5 n. i
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- u, f2 }3 v+ M9 b# A% T6 E3. New methods of injecting CO2 and surfactants into oil wells is
/ a1 M$ e, E% U, l6 mbeing used to double their output. 2 x) H2 X; B" s% x4 Y B
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0 a0 }2 I* A" G3 ?! ^1 Q. l/ n& _4. Production of bio-fuels is beginning to reach critical mass. Bio
: A: a3 J5 c; D1 V7 _# Dfuel is being produced from many plants and algae. The production
T* r/ _' K( hpotential per acre in some cases is astounding. Many countries are
: \) l' S: C* V& X& `racing to produce bio fuels. 5 A! M0 {0 i& a. n0 K8 n- ~, ~) `
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8 C4 W. X5 W# p4 C5 `9 h3 X# f5. Virtually every restaurant in the US and all food processing plants
C! J' r* k, m: F9 p. }* l# m- d! sare now selling their used oil to bio-diesel producers. Every pork,
4 q* q$ a# V7 {: |cattle, turkey and chicken processing plant will soon sell their fat 4 d8 B& Y+ ]& g5 K2 [$ w6 R
to bio-diesel producers. One pork processing plant in Oklahoma is
+ x: s8 n, W: qproducing 30,000 gallons of bio-diesel per day from pork fat. ! `; }5 i/ m$ x
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6. There are 99 nuclear reactors in various stages of planning and
; N8 o2 d# }* c0 B3 wconstruction around the world at this time. Several hundred more are + M; A, ^; Y0 c2 l5 X/ j) A A
expected to be built in the future. Much of the energy they produce + x7 J: K7 u2 L$ R1 i
will replace oil. 2 |& z- x+ p9 J# C
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7. Every company in any form of transportaion business is replacing
7 u9 G+ S% q* Y* b9 Kolder equipment such as trucks, airplanes, train engines, ships, etc. . b- ~% f& ?! E0 R
with new more fuel efficient equipment. Airlines and railway companies , n9 G7 q- A' M
are experiencing 20% to 25% better fuel econony with the new " p' s/ N( G0 f6 R3 H) j) G
equipment.
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: X3 t9 a1 S! p& Y% r$ LAirlines are flying airplanes with bio-fuel. They are finding the bio- 7 F7 {) |# ?4 c
fuel is cleaner and performs better than jet fuel. 4 h X. I4 @, W- J
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8. Cities and counties throughout the US are selling the rights to
/ i% a& j! B0 Z* Lcapture methane gas from landfills. This is a huge source of gas 4 A" }" \" Y2 y& q
available at very little cost or risk. The gas is displacing crude - L* l; p; t$ R$ A+ N$ E$ d* `
oil. # U2 g i, m: l' z7 M$ ]
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
+ J& l: [, Q/ Gproduced as a byproduct is sold to oil companies for injection into
6 z2 p) a) a) ]/ r- Goil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy ; L. c$ ^, I1 _9 o% [9 j2 t3 x
source. Three new wind turbines are being erected every day in the US. ' w. u* C' r, n+ y3 N/ e
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" L% m+ n5 m/ x8 e* W6 F- wEach of the above by itself will not make a large difference in the / H- L3 l) c7 D( E) W% t4 }
price of crude oil but the sum of all of them together is world
! Q J: [1 M0 D/ X; V/ C cchanging. The important thing is that OPEC no longer has the ability 6 G/ K A) k9 X+ y
to control oil prices. 0 Z& x8 K0 c- j M* f
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With the above scenario, I still believe that there are under
! ^5 u( |; W9 v' f& |0 rperformed OIL companies and probably they are yet to get the justified
2 C, N$ M/ v" {) k9 [4 P- Tvalue .....
' N/ r( O& {$ l, X/ \* e! J) ~IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... , S+ e4 z9 ~; j& s9 g( o
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" B) W- p6 v1 m' K/ ^# v3 IThe above articles are from WSJ .............PUBLISHED ON 9TH JAN " K6 p+ W+ \6 q1 p9 H; k, e
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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