 鲜花( 0)  鸡蛋( 0)
|
-------------------------------------------------------------------------------- n& n7 j, I, [% I1 q, A: U, J
Below is an Interesting article I found, which says that.....Do not
# G+ s8 c1 |6 d9 D. }expect much from Crude Oil producers and future is not with the
: @/ a% @- ^: \% K+ ~$ ncompanies producing Jet fuels but Biofuels. Also no wonder if some of
0 S9 a/ M; @) c% n8 X1 T$ j3 Ythese oil producer will go bankrupt or out of the business even if - j# ~' V% B' K
crude prices improves. This implies also to good names such as Shell,
$ l& s. H6 G( `+ \! QEXXON, BG, BP, Cheveron ....xyz.. oils $ ` M: i: A1 u9 x" j) H
* k* {/ U1 x) i% A
Recently OPEC reduced crude oil production twice over just a few : f% E0 o& P. @+ i# c+ q: u/ }0 A
months. There are three wars going on in Gaza, Iraq and Afghandistan.
8 x- z8 x5 ?: j$ T% p z, R7 OA year ago these things would have spiked the price of crude oil by at
1 V0 q( j1 w% f" K) K( J2 `# Gleast $50.00 per barrel. Today, oil price declined by a record amount.
. g& n, p+ M h& u- N: s% s: ~2 A) e' i5 J' l0 m/ a- Q; h$ {( |
6 }& D3 X0 a) n7 V" w
There are several reasons the price of oil is decreasing in the face
0 f- I2 x7 V7 N3 C* p) s+ g! r' rof so much news. These reasons are:
( K% a9 J' v- m* q# ^% a. S5 R& ~/ L! @7 U8 J2 _
: L* |$ p+ O0 v
1. New oil has been found in Canada, Montana, North & South Dakota and 8 V, P; ?) i L
in the ocean near Brazil. Each of these oil fields has more oil than
4 b, ?$ |9 u# @8 N8 OArabia. 0 y) N" N8 r* }6 q5 h: ?
$ Y! N& f7 D, f- }9 p6 G- e" }5 h2 R# Q# t
2. New natural gas has been found in Pennsylvania and West Virginia.
2 L6 B! d' p6 ~! W w5 O" r- jThis is the largest find in North America.
3 |8 |7 m% d @: s
' M* h, v% t5 h g, J( b
8 r$ B* B# l$ p9 w3. New methods of injecting CO2 and surfactants into oil wells is ' S/ Y5 d, g$ O l3 u3 `
being used to double their output.
8 M- Z5 G; |) K( d( A: a( b8 k; Q
+ a5 V6 j; i, P* T9 ?5 ^0 P4. Production of bio-fuels is beginning to reach critical mass. Bio ) d6 n* t( A2 U& D! u" }
fuel is being produced from many plants and algae. The production
7 y5 N" c2 e/ O" f7 c2 Apotential per acre in some cases is astounding. Many countries are
5 T4 f! c+ \8 Jracing to produce bio fuels. 1 K1 q- m+ q& k! A
; y5 I8 k) ?. b5 J) M# Z0 ?. w! [1 Z9 r* @4 a1 k
5. Virtually every restaurant in the US and all food processing plants
) e- y' T& Z+ {! M9 C" ^are now selling their used oil to bio-diesel producers. Every pork, 4 V0 B/ E1 |9 U( T2 M. e; {
cattle, turkey and chicken processing plant will soon sell their fat % a! a) l6 Q# l# }( w+ O& B! E
to bio-diesel producers. One pork processing plant in Oklahoma is - |2 z0 A0 c, z& r' R
producing 30,000 gallons of bio-diesel per day from pork fat.
; A2 \2 W6 u% K _$ ]2 k+ a. L+ \, ^$ l6 X% G
5 \+ v! `) W; A# f* r, Z/ _2 G
6. There are 99 nuclear reactors in various stages of planning and ' u2 \9 l& q2 w
construction around the world at this time. Several hundred more are 6 u. u0 @$ y/ K) {4 y
expected to be built in the future. Much of the energy they produce , A' a z9 y* e, R, w
will replace oil.
. B* B# R# p- _: L" z9 r2 g+ G( e
7 u8 o; H/ v+ p. E' Z4 C/ G
7. Every company in any form of transportaion business is replacing ; o3 V' q5 x0 `2 u0 x
older equipment such as trucks, airplanes, train engines, ships, etc. ) c( p; ]& U% T% V
with new more fuel efficient equipment. Airlines and railway companies r! T) j' l* @* d" O/ k
are experiencing 20% to 25% better fuel econony with the new
% B. y! ]) |0 w z d4 dequipment.
! U* n. A4 x4 [: f* o! N) D" ]' k5 t
2 q% V$ `7 i; c9 V( r( w. h# vAirlines are flying airplanes with bio-fuel. They are finding the bio-
/ h" _) b+ m! ~7 S4 F) pfuel is cleaner and performs better than jet fuel.
; j* p& p0 ^ D7 _
: s, `5 n8 R5 O4 ^" l: Y/ x. [. a" {3 V9 t3 h. F `( a
8. Cities and counties throughout the US are selling the rights to
" A0 C" ?% u3 I- z& R% p( ?) ucapture methane gas from landfills. This is a huge source of gas 7 E" U m/ \9 w7 e% B2 x3 p
available at very little cost or risk. The gas is displacing crude / y" F% s5 c5 K- T: G5 {1 o
oil.
1 L/ Y0 P. t" N: t$ E( F+ y% [: g) G5 p9 A6 {2 Y$ C1 Z! O
0 d _8 `! j0 s: k2 K9. Coal is being transformed into a clean burning liquid fuel. The CO2 9 b, R' f# z3 D" K/ A9 p
produced as a byproduct is sold to oil companies for injection into . v' I M: `& W6 M
oil wells. + A* ]( d F% I3 e% W4 F: e! }
$ v" r: L y0 z/ x2 ]
" O& ]0 o0 I4 Z$ `, F2 t
10. Solar, wind and ocean energy is displacing oil as an energy
* {- j( P3 w* ]* p1 ]# s; [source. Three new wind turbines are being erected every day in the US. 2 s: |0 T$ c& m3 _" ?) j5 l4 m
# W4 ?$ P9 O/ o9 {0 f9 d" y1 m( n6 f
6 g5 L* r8 B) e# n2 i& H7 t0 |! REach of the above by itself will not make a large difference in the
3 C% m/ H$ H: l: Z/ z+ I; f" Pprice of crude oil but the sum of all of them together is world / _9 g4 ]) a& m
changing. The important thing is that OPEC no longer has the ability
\! \- a! \ X5 F9 w( Fto control oil prices.
- g& |( j! d; [$ @- I
. {7 K' i9 c5 G+ h1 `
1 ^5 |3 \/ p) l/ Y, K3 x9 fWith the above scenario, I still believe that there are under
4 }; i) c; K: y* N) `: zperformed OIL companies and probably they are yet to get the justified 9 _0 w' h$ a* w2 S
value ..... " I7 l. l; X$ T$ i+ a2 o! I
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... $ s7 n2 W; l7 E g
' W* @8 i- u* Z5 ^8 ?( }
2 l% p/ I/ C3 S TThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
! W ]; A1 Q$ t, J2009 ... FYI-Only |
|
狗仔卡
发表于 2009-1-13 18:58
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡