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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not
/ y, V$ v4 Q" ]8 ?* k/ `expect much from Crude Oil producers and future is not with the 1 B+ ]3 i* G; T8 _% t' \. X) r1 _; D
companies producing Jet fuels but Biofuels. Also no wonder if some of ' e& N! W8 Y  ^0 K( K( I# q
these oil producer will go bankrupt or out of the business even if ' H, j; t& L" T
crude prices improves. This implies also to good names such as Shell,
7 J7 o$ T# Z7 J6 U: l( QEXXON, BG, BP, Cheveron ....xyz.. oils
  d. ?! }4 A& ]( J- `0 y( ~0 ?6 x1 K: h
Recently OPEC reduced crude oil production twice over just a few
5 v  y+ m  U) {months. There are three wars going on in Gaza, Iraq and Afghandistan.
  m) f  t3 u9 b6 ^2 uA year ago these things would have spiked the price of crude oil by at
  P& s& U) ]( c" _" vleast $50.00 per barrel. Today, oil price declined by a record amount.
( k# X2 u" n$ H# x( v! B9 z8 i5 ?. V- @2 r. d2 l. M" z

) ?! s6 q, C( e6 FThere are several reasons the price of oil is decreasing in the face
6 j/ ]. \' v% U% L3 Lof so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
+ V7 Z# Y8 X0 U; min the ocean near Brazil. Each of these oil fields has more oil than
  c5 B' E$ L) g% MArabia. 1 K% Z: U- Q( L3 X( _' t
. Y4 B3 Z6 a. F3 k9 z' r; O
# ]2 \5 M) t3 C6 e0 W
2. New natural gas has been found in Pennsylvania and West Virginia. ; [$ g8 M# ]5 X; ]! B  |. R( [
This is the largest find in North America.
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* Z$ {2 K( J! M* J2 ?3. New methods of injecting CO2 and surfactants into oil wells is
0 g+ P8 x3 x, b) gbeing used to double their output.
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$ K8 H- P" b, `* {* o# z4. Production of bio-fuels is beginning to reach critical mass. Bio
. y) E: W. d# |& a3 N$ c. sfuel is being produced from many plants and algae. The production
" T: Q9 m7 C7 C9 W; n& R! \" Epotential per acre in some cases is astounding. Many countries are # u* @/ t& Y7 s: q
racing to produce bio fuels. 2 d  r8 b- m. Y' i% y
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" `- H0 v6 n( V9 t. W/ N5. Virtually every restaurant in the US and all food processing plants 2 f: X3 L: ], }# Q- F, W
are now selling their used oil to bio-diesel producers. Every pork,
. `" q, b% d( _9 scattle, turkey and chicken processing plant will soon sell their fat & a, ?! W8 L( S; F9 X, H" _3 d8 y
to bio-diesel producers. One pork processing plant in Oklahoma is
; K$ {' m1 J; H3 h( y- Fproducing 30,000 gallons of bio-diesel per day from pork fat.
; X# Q; o: A% w4 ~9 V; W0 L& R
. U. a$ D2 ?5 O% D0 b1 w
/ O& G+ q; [3 v3 C6. There are 99 nuclear reactors in various stages of planning and
% P1 w- [- b, l& h: Oconstruction around the world at this time. Several hundred more are 2 W8 O" W& K" K: U- t$ o& f
expected to be built in the future. Much of the energy they produce
: ~: j  F( a; u2 h0 t! Owill replace oil.
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- {- u  z7 _) K5 b" L" J2 ~# c7. Every company in any form of transportaion business is replacing
* o8 ~* y0 ]' [6 O: jolder equipment such as trucks, airplanes, train engines, ships, etc.
+ T9 g2 J0 z2 Q2 xwith new more fuel efficient equipment. Airlines and railway companies
7 k6 w# w9 W  f' s1 m; t. n: A- {are experiencing 20% to 25% better fuel econony with the new 6 F# Q! L! M& F, S" l: F
equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
( J3 C/ N* f3 G& p0 j  B6 z* Sfuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
$ N& I( U# |! I% X+ r8 H7 \+ N' jcapture methane gas from landfills. This is a huge source of gas ! H: L! P) Y1 \$ \% I# j9 E
available at very little cost or risk. The gas is displacing crude / P& E1 g8 k8 Y: ^+ e6 s
oil. , ~$ X6 p2 c! W9 j" v
& a2 o0 g3 E8 Y3 Z1 w" M% ]8 R; \
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
* a6 V1 o& O  T4 w; Q& _produced as a byproduct is sold to oil companies for injection into ( X; M+ N3 k/ k) o; U1 h# H2 q+ Q
oil wells.
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) u1 O& R1 I  _  j# f
10. Solar, wind and ocean energy is displacing oil as an energy
. b8 K$ u+ T% e& Osource. Three new wind turbines are being erected every day in the US.
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. _8 N; j8 M3 I5 F$ l! N' h
Each of the above by itself will not make a large difference in the
" V6 m  X% G3 U7 u. cprice of crude oil but the sum of all of them together is world " D& |# z( i$ s7 D- G: g* c( F2 R+ l
changing. The important thing is that OPEC no longer has the ability
0 l$ u$ l1 J+ ^3 Xto control oil prices.
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7 u1 [9 C- j" p( r0 ^+ E: {* {With the above scenario, I still believe that there are under & X- X* o: n8 y; N2 x0 z
performed OIL companies and probably they are yet to get the justified
! s1 p1 I/ [& I; t; Q4 F7 ^* dvalue ..... ) e5 ~8 d: J2 o; t) {
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ) a6 P! S4 @. l) v" W- p

+ S  m  k- T" P! A
# |  l0 h# d! ^' g; s% Z" _The above articles are from WSJ .............PUBLISHED ON 9TH JAN
/ U' G7 A: y, r. w2 G4 L2009 ... FYI-Only
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