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Below is an Interesting article I found, which says that.....Do not
( H3 P. ~3 a# `" i* ~+ P; gexpect much from Crude Oil producers and future is not with the 8 a( p+ B# u- \. e
companies producing Jet fuels but Biofuels. Also no wonder if some of
; T+ v; Q4 P( N1 e4 ~these oil producer will go bankrupt or out of the business even if
# x% n& e N4 _5 r! Zcrude prices improves. This implies also to good names such as Shell, 1 ?0 \' h# E' t; O6 T& v
EXXON, BG, BP, Cheveron ....xyz.. oils 9 N' ^* \2 q8 V6 ], i# V! L* J
6 ]2 Z, `. t2 o0 h, {' q* D( JRecently OPEC reduced crude oil production twice over just a few
- O% s0 V% c4 V. _: o7 u, Lmonths. There are three wars going on in Gaza, Iraq and Afghandistan. 2 J) F5 `' a2 \) t, X5 V
A year ago these things would have spiked the price of crude oil by at ' {3 n6 N, v1 f- g" I. V
least $50.00 per barrel. Today, oil price declined by a record amount.
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1 w: W9 ?9 _" cThere are several reasons the price of oil is decreasing in the face # C; q" F3 j7 }; ~" P, }
of so much news. These reasons are: ' Z( C1 e8 f- Z, U
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1. New oil has been found in Canada, Montana, North & South Dakota and
+ r9 s4 T N; U8 @; Cin the ocean near Brazil. Each of these oil fields has more oil than : Z6 c2 k( Y2 G, K$ Y
Arabia. 7 T( c' G: q5 l6 A4 k
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3 e" V" ~; N k! W2. New natural gas has been found in Pennsylvania and West Virginia. + [; Q! z( ?* |: W9 ~+ S
This is the largest find in North America.
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% B# m. ^' q; T1 K3 s9 }6 Q9 ?$ o. b3. New methods of injecting CO2 and surfactants into oil wells is ! j- ] b% C6 E
being used to double their output.
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( d; D6 X2 k/ }, Z8 ]7 p i1 \- ~4. Production of bio-fuels is beginning to reach critical mass. Bio ( s2 h v* G: R" V
fuel is being produced from many plants and algae. The production 7 H9 q3 b" d$ o; c4 C
potential per acre in some cases is astounding. Many countries are
, f2 L/ R% E2 v t& @0 Y8 bracing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
/ w' P6 |5 f; e, \are now selling their used oil to bio-diesel producers. Every pork,
8 u2 J" A% l) S# |$ Gcattle, turkey and chicken processing plant will soon sell their fat
7 ~ c8 L/ L% n7 s1 l Zto bio-diesel producers. One pork processing plant in Oklahoma is
. ^8 k7 u( ~, q: l2 ~producing 30,000 gallons of bio-diesel per day from pork fat.
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6. There are 99 nuclear reactors in various stages of planning and + P2 a1 j7 V5 u
construction around the world at this time. Several hundred more are 8 P Z p$ k, T+ L1 b4 o
expected to be built in the future. Much of the energy they produce
1 p _/ H ?$ Z* T, `5 d" `* zwill replace oil.
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7. Every company in any form of transportaion business is replacing
& h; P" b' k& J! z( x; B& zolder equipment such as trucks, airplanes, train engines, ships, etc.
/ ]& A0 c: n' t" Bwith new more fuel efficient equipment. Airlines and railway companies 4 ?) d- G& {- L2 C* M8 Z/ f
are experiencing 20% to 25% better fuel econony with the new
9 B5 g: X9 }5 p( M4 v3 F" X7 K) ~equipment.
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$ r4 X2 B/ \! l$ JAirlines are flying airplanes with bio-fuel. They are finding the bio-
7 @% `, [, f: pfuel is cleaner and performs better than jet fuel. 0 d& f! {# C# e4 S
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8. Cities and counties throughout the US are selling the rights to
8 f4 M! C; l+ E" G W8 ccapture methane gas from landfills. This is a huge source of gas b9 d6 k- B7 j" Q; A4 f2 P f
available at very little cost or risk. The gas is displacing crude + v, ^; t8 w" n, I
oil.
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 , c% R" ~2 v& A1 ^8 n
produced as a byproduct is sold to oil companies for injection into ' F" s8 m+ A& m, ^( ]
oil wells. ( b0 E& K0 c- @8 H7 W9 I% l
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10. Solar, wind and ocean energy is displacing oil as an energy 5 J A8 H* R1 I# K8 V* M
source. Three new wind turbines are being erected every day in the US. u/ C) I# g, \( x
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. B/ [/ v Y8 h" w: k' O4 [! e \Each of the above by itself will not make a large difference in the " y7 e) \' B# @! W: c
price of crude oil but the sum of all of them together is world
* _# |, V [8 s3 echanging. The important thing is that OPEC no longer has the ability ) t7 z2 w1 i- ~% `& L0 d# M8 p
to control oil prices. 4 u( p( \6 o, W Q
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With the above scenario, I still believe that there are under 8 Z5 s; B0 \2 V3 c' |
performed OIL companies and probably they are yet to get the justified
4 {% y% n% @& B" [% rvalue ..... 0 a* {3 W: v; i( a" n
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
. a' n4 e6 @; B2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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