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& a- [4 d$ c, j! f9 `' MBelow is an Interesting article I found, which says that.....Do not
: L) D7 ^3 y- |7 c4 f- Zexpect much from Crude Oil producers and future is not with the
4 C$ I7 l- c$ D, m' mcompanies producing Jet fuels but Biofuels. Also no wonder if some of 8 @1 o4 [! T0 j- ~) V9 u/ [
these oil producer will go bankrupt or out of the business even if 9 W# \8 G( ~' \+ f" r0 j
crude prices improves. This implies also to good names such as Shell,
. n H9 g2 r1 u( ~9 J; x8 ~EXXON, BG, BP, Cheveron ....xyz.. oils 1 t& W4 R1 S3 j5 v; p
& ^% J/ U3 a7 ^9 e4 aRecently OPEC reduced crude oil production twice over just a few $ ], g8 X7 W3 } M, g4 `+ e
months. There are three wars going on in Gaza, Iraq and Afghandistan.
o6 g% X. H+ z6 \1 ]0 M3 O; pA year ago these things would have spiked the price of crude oil by at
5 _: h4 @0 L) M. Z/ Tleast $50.00 per barrel. Today, oil price declined by a record amount. % s% D: b3 p# k+ G5 i
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There are several reasons the price of oil is decreasing in the face
7 T( z9 d2 @, z) N E- i% b- B0 G Hof so much news. These reasons are: 9 y# ~, _) G0 K/ m' r" q' F0 j
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1. New oil has been found in Canada, Montana, North & South Dakota and : ^ ?8 e' \+ t, {9 Q
in the ocean near Brazil. Each of these oil fields has more oil than ! H* r, |* l- N2 l, ~' A
Arabia.
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2. New natural gas has been found in Pennsylvania and West Virginia.
# }3 u1 r1 k- C1 @" AThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
( _) }) i2 ~) Q) W9 vbeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio 6 ?/ N4 K: O W8 y" a& s3 c5 @
fuel is being produced from many plants and algae. The production
& f5 a& L0 C3 _% {! N! e7 `potential per acre in some cases is astounding. Many countries are * n$ C6 j2 _( ?8 y' D4 |
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
b! j* `; y; T( b$ i( Iare now selling their used oil to bio-diesel producers. Every pork, i! u7 F2 c/ J. v! l; h
cattle, turkey and chicken processing plant will soon sell their fat
" n: Z: P, V4 n* e2 Q- l8 ]to bio-diesel producers. One pork processing plant in Oklahoma is 7 {2 O: e# P2 \0 ]. [
producing 30,000 gallons of bio-diesel per day from pork fat. 8 ]- y- `* u8 u8 H" j
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6. There are 99 nuclear reactors in various stages of planning and 4 W: M$ U" w; U; R+ g, e5 R
construction around the world at this time. Several hundred more are
& C3 k0 f B' u& x- E% i2 E) e# zexpected to be built in the future. Much of the energy they produce
4 ]" O. z1 J4 f3 m8 r# Dwill replace oil. ; Q2 f8 z/ n! E! J& h
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7. Every company in any form of transportaion business is replacing
! o9 ~: _+ ]9 T- R* k$ S7 Z4 Kolder equipment such as trucks, airplanes, train engines, ships, etc. 2 ] A4 H k2 y' G3 R/ B
with new more fuel efficient equipment. Airlines and railway companies
% s& x8 X) o% ]& L; @6 nare experiencing 20% to 25% better fuel econony with the new - q2 c: t: v9 f
equipment. 3 x( ^2 Z- Z2 J
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$ {/ J6 R; r$ E! V6 `0 I0 UAirlines are flying airplanes with bio-fuel. They are finding the bio-
& K8 Y. c1 A; y4 }) u L4 m( Rfuel is cleaner and performs better than jet fuel. & O" g. B1 q! Q, G& }4 \- P
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# e) [( _0 Z* Z: l1 ]8. Cities and counties throughout the US are selling the rights to . d. U1 g" \) M
capture methane gas from landfills. This is a huge source of gas 7 R8 G2 d1 X6 T( }2 {+ {" G6 t. C8 E
available at very little cost or risk. The gas is displacing crude
( e6 M w: _' V6 T. {- }3 B& o* aoil.
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1 M2 W* X; V9 X9. Coal is being transformed into a clean burning liquid fuel. The CO2
& ]5 T4 m' I d; o+ Q# wproduced as a byproduct is sold to oil companies for injection into
( Y( k1 L0 D4 T6 W. soil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy
. E) _/ ~2 G$ f3 S) k1 }source. Three new wind turbines are being erected every day in the US.
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6 G/ | T/ S. v8 `, bEach of the above by itself will not make a large difference in the 8 X8 H1 Z3 ~2 S4 A( k
price of crude oil but the sum of all of them together is world
9 W* w @1 B9 Nchanging. The important thing is that OPEC no longer has the ability , T- e5 ?* N1 V, c' r1 e
to control oil prices.
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With the above scenario, I still believe that there are under P8 _3 }, g" M8 [
performed OIL companies and probably they are yet to get the justified ( Z4 I! t; k7 W. `5 X" o: b( Y
value .....
6 O4 |3 y" Z# d5 h3 SIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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. [" N% b+ n) L% KThe above articles are from WSJ .............PUBLISHED ON 9TH JAN 8 k) h, T& h0 H# R0 B. d
2009 ... FYI-Only |
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