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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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6 T3 T6 u6 z9 {& fBelow is an Interesting article I found, which says that.....Do not $ j  S7 [9 U$ ~: E9 u3 }
expect much from Crude Oil producers and future is not with the 6 @- K' N4 R5 h2 C1 g9 `
companies producing Jet fuels but Biofuels. Also no wonder if some of
3 Q0 j2 h9 l, u7 U8 ~these oil producer will go bankrupt or out of the business even if : ~0 _7 T0 X' b9 n  i( P6 V1 Q+ Z
crude prices improves. This implies also to good names such as Shell, 4 Z( |, K& D8 u. v
EXXON, BG, BP, Cheveron ....xyz.. oils , q9 ?) c; J3 x- j
' b6 A  Q1 V$ d  {1 ?& x$ g. R
Recently OPEC reduced crude oil production twice over just a few & ^1 z% F( t" N8 J
months. There are three wars going on in Gaza, Iraq and Afghandistan.
% |4 L! |% g% @# t" ^! q# a. A4 JA year ago these things would have spiked the price of crude oil by at , G1 V+ N+ A. C) t
least $50.00 per barrel. Today, oil price declined by a record amount.
/ V: M- _1 R" U1 ]. x0 [$ u3 U* ^- j. _0 c. a" B: x& B
2 O6 S# i0 _' @0 b5 a/ T3 A
There are several reasons the price of oil is decreasing in the face 5 z2 @$ w1 N, [
of so much news. These reasons are: ! G& ]5 m6 W' |& k
% k: F& E( A2 N- ^
7 J0 x0 s$ d7 G" N. |5 y
1. New oil has been found in Canada, Montana, North & South Dakota and
3 n1 T5 e$ ^, ^) m! kin the ocean near Brazil. Each of these oil fields has more oil than
* D, s# k- X/ rArabia. 4 d& B( s. Q# J' ?( X6 Q! P! W

4 u( h2 f: A2 g. c' \) {# U2 M) z6 b# K
2. New natural gas has been found in Pennsylvania and West Virginia.   b$ Q4 A; X: y2 p/ `* p4 W8 u
This is the largest find in North America.
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1 ?: Y/ Z+ I' _' B( C% V1 P& _5 C5 _+ j; h7 N$ }4 o$ @* G4 r/ C
3. New methods of injecting CO2 and surfactants into oil wells is + n5 k, {, g9 I% D5 @
being used to double their output. 9 u& ^! Y$ N: i

& M8 i- {; W; I  d  l& B$ v9 X! Z0 O+ V4 P7 |5 a! a; [& p
4. Production of bio-fuels is beginning to reach critical mass. Bio + [; A0 ]* x& ^* W, L- g. A- U
fuel is being produced from many plants and algae. The production 4 k0 @) Q2 z9 t( ?7 v1 j
potential per acre in some cases is astounding. Many countries are
8 }0 g, J! \, X5 Lracing to produce bio fuels. 7 ^" p6 O7 k$ v4 z4 a+ [1 r

- O' F% q! V6 `" {$ k+ p4 \
) `* ~) a% c. T# y: o5. Virtually every restaurant in the US and all food processing plants . P+ ~9 _5 o) }" d. L
are now selling their used oil to bio-diesel producers. Every pork,
$ e$ @2 W' w6 h0 ?) X* ?. q/ Qcattle, turkey and chicken processing plant will soon sell their fat " u/ l; r; _# |9 s
to bio-diesel producers. One pork processing plant in Oklahoma is
+ j+ R: ~/ o8 K% v2 \" eproducing 30,000 gallons of bio-diesel per day from pork fat. ! H" Q  y3 D( }1 A
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6. There are 99 nuclear reactors in various stages of planning and 8 x/ h  d9 a$ n+ Y% z9 D  w
construction around the world at this time. Several hundred more are
  H% I4 J; o+ D" N- [expected to be built in the future. Much of the energy they produce
0 M0 X8 {* _7 M! A* @5 swill replace oil. : w. q' o6 t  U2 Y; L  V% ]
) ^' c! d+ [5 ?& C. ~0 Q

1 [) ^' b/ Z& u. `2 L" t7. Every company in any form of transportaion business is replacing 2 A4 R# p1 `) @/ h: C3 W7 t
older equipment such as trucks, airplanes, train engines, ships, etc.
3 Y; l3 U; ?4 ^with new more fuel efficient equipment. Airlines and railway companies
  U3 ?. A3 l3 @( Iare experiencing 20% to 25% better fuel econony with the new : C2 g9 c7 D& u: L6 p$ r* W
equipment.
& y( m! y: u0 I: L5 F  K
% Y7 z: }0 i( u, I5 [- Q& S! w8 W5 b" z, B7 a
Airlines are flying airplanes with bio-fuel. They are finding the bio- , T5 p  A- R/ ^
fuel is cleaner and performs better than jet fuel. 0 w+ V- j2 Q3 m

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8. Cities and counties throughout the US are selling the rights to
& j! |* O# ^1 _  X0 hcapture methane gas from landfills. This is a huge source of gas
% A0 ~  z6 D  t7 z6 kavailable at very little cost or risk. The gas is displacing crude
7 P( \) D9 m- N5 m+ w- _oil. ; [3 H4 \, G" r: |4 q* i7 p

; n9 F/ Y. H! ~( d# V9 Y
" b  s. h2 ^, {9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 O9 q' v, T, G% g* [  K% S
produced as a byproduct is sold to oil companies for injection into , b; r2 z2 Y& R1 y
oil wells. 5 j! G) }$ j/ y
  Z( ^7 e3 m6 ]2 d  ?- ^. `( `

6 ^) u3 [/ p$ s2 ?! R10. Solar, wind and ocean energy is displacing oil as an energy
2 K$ `  q1 X, {( y) Y; \source. Three new wind turbines are being erected every day in the US. % y! c9 E, i8 r  C8 F

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2 D! Z! G1 a) E+ c/ Q7 W1 OEach of the above by itself will not make a large difference in the   T% S& K  W1 I5 x9 w7 E  N! K' Q
price of crude oil but the sum of all of them together is world
- s/ ~9 Q! n# o' r5 m4 N6 N- Xchanging. The important thing is that OPEC no longer has the ability
5 M2 M9 \. z0 c0 ]* `: rto control oil prices.
$ \; ]4 e6 `6 C2 E& a
9 s$ x* `% L0 h7 n  l6 o' V. C! o( S" {6 I% |/ U
With the above scenario, I still believe that there are under
2 S. [- G- ~; R$ ]+ s* V7 q8 `6 Gperformed OIL companies and probably they are yet to get the justified , Y, O$ U0 K; @$ r& _- i$ t
value .....
& o- P" p1 n; G/ w6 m( w; RIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... & o" r* f7 c, ]& ]8 G( b

% g$ X% j: @8 ~( L5 a8 C) g* H, g( ?0 p6 x
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
* i0 ]) ]: A+ f- ~  ?1 h2009 ... FYI-Only
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