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Below is an Interesting article I found, which says that.....Do not - @2 p$ A0 U) D, u: f
expect much from Crude Oil producers and future is not with the
8 t: ?1 j7 P$ gcompanies producing Jet fuels but Biofuels. Also no wonder if some of
+ @: w- M2 c( W; ^, Sthese oil producer will go bankrupt or out of the business even if
, K4 B" `0 @* J9 Ucrude prices improves. This implies also to good names such as Shell, , z6 N/ p0 N* |
EXXON, BG, BP, Cheveron ....xyz.. oils
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. I5 L! E# k1 T* }0 f6 _/ wRecently OPEC reduced crude oil production twice over just a few ' h/ a6 s2 s+ t! J7 k' |
months. There are three wars going on in Gaza, Iraq and Afghandistan.
* q6 b# F6 P+ wA year ago these things would have spiked the price of crude oil by at % I# M' f2 l! \. K1 x$ n
least $50.00 per barrel. Today, oil price declined by a record amount.
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* L% ~- P( F/ `) wThere are several reasons the price of oil is decreasing in the face 6 T; k5 }) Q* l. C4 W! r9 t$ O
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and 7 m, s+ d6 O @ z8 e$ t
in the ocean near Brazil. Each of these oil fields has more oil than 3 n; W: e% F1 N0 k1 P6 q( R: Q
Arabia.
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2. New natural gas has been found in Pennsylvania and West Virginia.
- o- b+ z, V6 l/ VThis is the largest find in North America. 9 b+ h: I4 Z8 O/ ~3 n
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3. New methods of injecting CO2 and surfactants into oil wells is ; C% T. q5 m( e% T0 k
being used to double their output.
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3 U' F& Z6 a; ~4. Production of bio-fuels is beginning to reach critical mass. Bio
3 X% {" J1 K' `9 Xfuel is being produced from many plants and algae. The production
: M0 ~! M* y" x6 T0 {5 ipotential per acre in some cases is astounding. Many countries are ' N! ]3 J6 Z/ C" @) f% H$ B0 z. g- U
racing to produce bio fuels. : N7 [: }3 Z+ a' }1 P5 d9 p
f+ s8 l) l3 I# K
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5. Virtually every restaurant in the US and all food processing plants 4 R! A1 b( r, K; ~- H
are now selling their used oil to bio-diesel producers. Every pork, , c/ f; ]$ @4 K
cattle, turkey and chicken processing plant will soon sell their fat
* u0 z* r" U9 K* vto bio-diesel producers. One pork processing plant in Oklahoma is
9 g+ \) L& l4 N8 \' t0 }, W* rproducing 30,000 gallons of bio-diesel per day from pork fat. ; b6 `* k1 m. a# t, O3 D
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% X7 _( D; C" a4 O0 L( C$ H& U6 H6. There are 99 nuclear reactors in various stages of planning and
% N. s8 Y7 \, Dconstruction around the world at this time. Several hundred more are ) T1 V& j. c _: u. n
expected to be built in the future. Much of the energy they produce
# R4 r8 Q- }1 _, E; l. I8 Mwill replace oil.
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7. Every company in any form of transportaion business is replacing " g/ _" e" r$ ]. h( U' P7 g
older equipment such as trucks, airplanes, train engines, ships, etc.
- d6 \9 c/ @0 c4 q$ P; uwith new more fuel efficient equipment. Airlines and railway companies 7 z% H) a+ Q9 R+ K' b$ I
are experiencing 20% to 25% better fuel econony with the new
, n- f8 S8 b6 D* w H5 \6 \0 T' @7 sequipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
Y9 E6 r* y: z. s0 N; \fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to 7 ~. g7 o3 {( A( @8 t B! x1 n
capture methane gas from landfills. This is a huge source of gas 1 s% z* S) [ a$ j/ i# |! g
available at very little cost or risk. The gas is displacing crude
1 a4 J, ?2 w& o+ t- V9 w; Yoil.
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 s4 s5 _! x3 s2 h) m1 a9 o6 N
produced as a byproduct is sold to oil companies for injection into
, O: Y! u- {" K" P* soil wells.
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! T& m! O4 v; ]7 n2 o3 m10. Solar, wind and ocean energy is displacing oil as an energy
' N; ?" K0 Z0 H% M. H+ Zsource. Three new wind turbines are being erected every day in the US. * l1 R/ a6 ~' g: t( \! I+ N
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Each of the above by itself will not make a large difference in the & T3 } ]/ |8 I! o. C6 q
price of crude oil but the sum of all of them together is world " Q. \2 E3 ^ S) X4 R( t
changing. The important thing is that OPEC no longer has the ability
0 m3 U9 L( x6 @/ Pto control oil prices. 7 Y" j3 h' V; `$ P% `
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: ?" R: {; G C4 P3 w% R* ^With the above scenario, I still believe that there are under
5 D: @5 `! _, x9 z% t, @, vperformed OIL companies and probably they are yet to get the justified
2 g# J3 e# d" a" v. Zvalue ..... 1 V/ x% j$ E) n* C1 J$ x& p7 I! ~
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ' ~- v+ R# d2 j% u; ~+ ]0 V8 Z
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! Y1 Q+ Z! {4 Z! L" ~; z' l/ mThe above articles are from WSJ .............PUBLISHED ON 9TH JAN + Z1 H! A9 U# Z
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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