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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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% I2 o# d+ [) v- W: xBelow is an Interesting article I found, which says that.....Do not . {7 H8 N/ h/ o3 @* S/ t- t1 V
expect much from Crude Oil producers and future is not with the ! H3 p& @* t% i4 ~
companies producing Jet fuels but Biofuels. Also no wonder if some of
3 t* R2 Z  \2 i  g( q1 \& Nthese oil producer will go bankrupt or out of the business even if 9 G% B, Y7 ]/ R; r& D
crude prices improves. This implies also to good names such as Shell, 5 n' {" G3 E3 Z$ k5 k
EXXON, BG, BP, Cheveron ....xyz.. oils
: M$ C1 d1 P1 B- L- m- H6 c5 a% ~
Recently OPEC reduced crude oil production twice over just a few
. q+ U% r8 T+ }7 _, Smonths. There are three wars going on in Gaza, Iraq and Afghandistan. ' Z/ s7 Q2 `3 i. z+ i
A year ago these things would have spiked the price of crude oil by at
+ {* @1 r4 W4 w% i5 M5 zleast $50.00 per barrel. Today, oil price declined by a record amount.   v% `: f+ f* X

3 S" R9 }( W2 g( F5 i( A/ h/ K: g4 M# h9 _5 }
There are several reasons the price of oil is decreasing in the face . X, ?! ]! _% j+ ^
of so much news. These reasons are: ) X& U  Z" U- Y' F( Z, I( [) @
, Z' y# j, n4 F

. k( l6 k1 j* K1. New oil has been found in Canada, Montana, North & South Dakota and 0 M; {: O2 H" t5 X6 Z2 o, Z
in the ocean near Brazil. Each of these oil fields has more oil than
- ]  P9 O* b4 W% AArabia. 1 E; d. c+ w% j$ J' J

' |8 a5 }  H4 A2 g+ B
; x( \3 D) ^* ?! g3 e# Q# m2. New natural gas has been found in Pennsylvania and West Virginia. - y: H' j) A# K. ?& h; _* F! v% Y
This is the largest find in North America.
1 s6 J4 G* t2 D: ~+ K: ~  y
6 K3 `' W& f* K( A& G5 J4 |) m) U2 n2 Y
3. New methods of injecting CO2 and surfactants into oil wells is 8 \4 D6 z( U" x/ F3 a/ w
being used to double their output.
# ~: u+ K. X  I0 g
4 f! O7 F( C2 T
3 f% O6 N6 }  T+ a/ P! K4. Production of bio-fuels is beginning to reach critical mass. Bio % w1 g# ^4 g3 b% d5 a  q. `
fuel is being produced from many plants and algae. The production
" }9 r- U: V, }4 P9 Opotential per acre in some cases is astounding. Many countries are ! s* `8 Z3 o% c- U7 `3 P
racing to produce bio fuels. . }+ C1 J7 T/ g7 n

7 H$ u! W# i1 Z. Q/ M& R2 h, ?8 Z& S- V2 Y) ^, A! u1 D+ [
5. Virtually every restaurant in the US and all food processing plants ) O% t7 m! ?3 v- {9 X) Y
are now selling their used oil to bio-diesel producers. Every pork, + g) d$ S& k! W! e- ?  |
cattle, turkey and chicken processing plant will soon sell their fat $ @7 I6 g. Y+ _1 E
to bio-diesel producers. One pork processing plant in Oklahoma is
( E& d# v9 e& W) P# D3 G. Eproducing 30,000 gallons of bio-diesel per day from pork fat. $ Q3 H9 `6 Q8 @; Z

1 {# d! S4 h- ?! j. v3 ]  M. k1 d" e/ H, y( `
6. There are 99 nuclear reactors in various stages of planning and " {' `: N" C* E; s; M
construction around the world at this time. Several hundred more are % f7 Z3 X. T0 S' j. U
expected to be built in the future. Much of the energy they produce
# L2 T. x( N/ }9 H& p; zwill replace oil. - n- A5 A  v) o7 }* E  `
. J5 ^" x$ f/ m6 a" t( o7 d
4 K2 g' ?8 c, P0 x+ D4 h% F
7. Every company in any form of transportaion business is replacing / z8 e% [. Z) s$ W
older equipment such as trucks, airplanes, train engines, ships, etc.
1 H0 ^6 |& F2 K" X- U  w4 d" W5 Dwith new more fuel efficient equipment. Airlines and railway companies
! X1 u7 N+ t% s1 O* Y  w- g( F' r4 Zare experiencing 20% to 25% better fuel econony with the new & r) L' Z$ \6 T+ l1 A
equipment. 0 q& V8 l* g6 @7 N! v

7 t1 \# W6 _1 y& }
' f' D, ?; m2 I/ c6 Y8 H+ gAirlines are flying airplanes with bio-fuel. They are finding the bio-
8 b2 \2 b  e* r1 Q  W5 Y1 W( A1 @. H6 ?fuel is cleaner and performs better than jet fuel. 7 w' x- q6 R* ^, I

' n+ z" t% [1 k) q; j: E8 _- s* p
; l6 Z# C# ~7 p% R7 |" X* s8 z8. Cities and counties throughout the US are selling the rights to
+ u6 ?, u: O. o0 G0 Q+ ^capture methane gas from landfills. This is a huge source of gas
9 t! }+ C2 ]) P, F. s7 Y" }$ `5 ?available at very little cost or risk. The gas is displacing crude 7 n# N7 A# `% p3 L* Y/ x2 m
oil.
* u8 G* |2 A9 N: i  d* s/ m4 C
  c6 u4 v/ T3 Q; X0 j8 @; V4 A# I. i/ A( S8 a  c9 Y) p
9. Coal is being transformed into a clean burning liquid fuel. The CO2   q( l( I& i1 N. p7 v
produced as a byproduct is sold to oil companies for injection into ' b2 e# I2 |( L) N0 @" Z, q1 Q, r
oil wells.
$ V9 k1 f. Y5 l2 y& t+ l# R. U1 f/ w% q" F0 M

( p/ b% m% K5 h' v- G3 d10. Solar, wind and ocean energy is displacing oil as an energy & W: a8 G$ c( {1 q2 y
source. Three new wind turbines are being erected every day in the US.
/ E" W0 L' y9 t+ ~$ g% w5 F" x- v; }$ _5 a6 q

* L6 u4 W$ B& f; pEach of the above by itself will not make a large difference in the
$ t7 q4 y5 @8 d0 H% Hprice of crude oil but the sum of all of them together is world
+ k1 b% p: l- z& h( \9 w: @  g, Cchanging. The important thing is that OPEC no longer has the ability
6 R/ U; q8 o+ V, z' p; i% Z! xto control oil prices.
4 H* p6 ]1 M; Y  f4 ?8 H4 K
+ _0 P: L* B' i8 B5 |5 P" @0 n; }* L( P7 J  I
With the above scenario, I still believe that there are under 3 c0 G. @* v& P/ l+ [
performed OIL companies and probably they are yet to get the justified
: \& n* @* m1 \0 C' Q9 }6 O0 Avalue ..... 9 o# j$ s- _: z' F
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... - `9 ]$ k* W1 I& P# ?: T* s6 a
& Y& Y; `) }- c& ^# W0 H. z3 P! r

  k3 L# w5 x( P/ _, L; [: S2 e  ?The above articles are from WSJ .............PUBLISHED ON 9TH JAN . J" ?9 }5 c9 p7 [1 y* N
2009 ... FYI-Only
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