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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 # U' O# h8 m  ]5 P
expect much from Crude Oil producers and future is not with the 0 d* `. `6 C' ]# F4 I' \* o
companies producing Jet fuels but Biofuels. Also no wonder if some of 9 _' q+ ^4 }# v$ n7 a
these oil producer will go bankrupt or out of the business even if * w) s# u9 O$ u1 C
crude prices improves. This implies also to good names such as Shell,
) U! o; m7 _: z! s# C, Y+ lEXXON, BG, BP, Cheveron ....xyz.. oils ' o( K* W+ }0 p8 \- j9 }/ g
( B! @* ?: ?7 R* o
Recently OPEC reduced crude oil production twice over just a few : x7 `" k; s8 A2 ?/ E
months. There are three wars going on in Gaza, Iraq and Afghandistan. ' `! d6 M! A5 D6 ?2 P! m
A year ago these things would have spiked the price of crude oil by at & A! S' {0 [% f; r
least $50.00 per barrel. Today, oil price declined by a record amount. : M" Y2 H' z! J& |$ b6 ^; B% L. g

% G6 S6 E: J) ]0 ?
4 W- c& n. @1 S2 U) J( TThere are several reasons the price of oil is decreasing in the face
1 G+ c5 f5 U+ m# w* [of so much news. These reasons are:
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4 k3 Q& U2 X2 N* H
1. New oil has been found in Canada, Montana, North & South Dakota and ( w! P3 W5 T9 p" b6 @
in the ocean near Brazil. Each of these oil fields has more oil than   [/ {' K: P1 T7 q$ @( X
Arabia. . V  g3 A  q5 K

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2. New natural gas has been found in Pennsylvania and West Virginia.
6 K* V: q' D' e; J* h* T: T9 j* E" P/ xThis is the largest find in North America. - L; {$ Z" c9 `3 l1 z. n
& P0 }4 D/ S0 A

7 }2 N4 X$ ^, B  N# [, B/ B5 B3. New methods of injecting CO2 and surfactants into oil wells is   c+ c2 B+ Y: c' @
being used to double their output. 5 s' j3 R8 U# d) O# a2 W" q2 z
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4. Production of bio-fuels is beginning to reach critical mass. Bio
- H; `4 I/ O: @6 Mfuel is being produced from many plants and algae. The production 2 d5 |: J/ ~: c
potential per acre in some cases is astounding. Many countries are
8 Z* E  P0 O. Y$ [- Kracing to produce bio fuels.
6 N% H! S+ U/ x3 O* S; L9 j8 u4 f% ]4 r9 X$ ^

4 g  O6 D) L# s5. Virtually every restaurant in the US and all food processing plants
1 @! Z9 m3 {, n) [% z+ S7 aare now selling their used oil to bio-diesel producers. Every pork, + j* s  f3 _. v( M
cattle, turkey and chicken processing plant will soon sell their fat 8 z9 Q( y' m3 D* t6 I& k( g
to bio-diesel producers. One pork processing plant in Oklahoma is ' n% x- J! {9 c% v9 n. a+ G  `
producing 30,000 gallons of bio-diesel per day from pork fat. + @$ i  e! F( u) b$ W& s+ h/ Y3 b
7 J5 S7 A& y7 x( o0 Q

! R: h+ p# E3 x; w3 E8 x2 X- [6. There are 99 nuclear reactors in various stages of planning and 6 S0 F3 X, ~8 _  ?* h+ ]7 N1 `
construction around the world at this time. Several hundred more are $ N- C1 I  c9 e/ g5 l
expected to be built in the future. Much of the energy they produce 1 K5 \. Z% K* k" Z$ k. g7 q
will replace oil. 6 |% L  G( B( F! j+ L
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7. Every company in any form of transportaion business is replacing
% k' T5 `) i4 |& t, ]older equipment such as trucks, airplanes, train engines, ships, etc.   }9 p4 _; @) H2 D7 L5 c6 k! Z
with new more fuel efficient equipment. Airlines and railway companies + S5 a) `  M1 ]" E* r! M
are experiencing 20% to 25% better fuel econony with the new - @- W  ^, I# o
equipment. 6 h+ V( B: X4 z$ e- F* {" B% q

: Y1 Y* X. U4 P" E7 L. K/ I+ `6 f& K1 h! a% D  i" e
Airlines are flying airplanes with bio-fuel. They are finding the bio- ! b4 l. z" L% B. N( [4 i+ C! p6 ^
fuel is cleaner and performs better than jet fuel.
) i% v& ~7 }7 a% h; D5 x& U9 \  T" D. M; Y4 d% e

, i$ Z: \# H9 l3 l4 p# f7 j7 U8. Cities and counties throughout the US are selling the rights to
6 N  O  A' K' J5 K4 M& j& a( Wcapture methane gas from landfills. This is a huge source of gas + m( e( u2 y: \2 C  |7 }4 i/ p
available at very little cost or risk. The gas is displacing crude
0 R/ p& @+ u" c9 h* O! goil.
( z" i/ n3 T- R4 N; i! {" m3 c: g1 [
9 m/ {" X. E/ s2 v/ O" n5 N" \
9. Coal is being transformed into a clean burning liquid fuel. The CO2 9 {! l1 r. k( ~; P1 F9 Z
produced as a byproduct is sold to oil companies for injection into
3 B# b5 t; t2 Eoil wells.
2 i* i! T4 U# p0 ]9 L: e; j: c& w# `  u: t/ E3 |
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10. Solar, wind and ocean energy is displacing oil as an energy
5 j/ ^: Y0 j3 n2 V% f: ysource. Three new wind turbines are being erected every day in the US.
+ Q" g+ }. y7 S' v8 x7 N& I0 ~6 A9 U
' O& |) C3 `" V8 o- j
# X4 b8 b/ @0 n3 f1 Q" K- w) `5 g+ LEach of the above by itself will not make a large difference in the
, T9 C: |, p/ [* b! g* jprice of crude oil but the sum of all of them together is world 3 d$ A9 }2 ~; X
changing. The important thing is that OPEC no longer has the ability 5 M/ j) I3 O/ a1 u
to control oil prices. 3 Y1 I- t# @4 y3 z/ w# d

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2 G8 G, v3 Y' rWith the above scenario, I still believe that there are under
  \3 P2 ]5 l/ ]# Gperformed OIL companies and probably they are yet to get the justified 8 `% o& x7 B5 y" s2 U; [2 @
value ..... 9 C- N+ ]& V: r) f3 j' j( e8 G
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN $ F4 i: {  S) U. l& o2 _, c
2009 ... FYI-Only
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