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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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Below is an Interesting article I found, which says that.....Do not
( |' U+ H9 Z  f& J/ I" A& [expect much from Crude Oil producers and future is not with the
. X; m% \: l  fcompanies producing Jet fuels but Biofuels. Also no wonder if some of
+ B& f* P. G, Ethese oil producer will go bankrupt or out of the business even if
- @, M  ~3 |* q: {crude prices improves. This implies also to good names such as Shell,
8 x' }( a( r1 c2 R% bEXXON, BG, BP, Cheveron ....xyz.. oils
  P/ \$ J( k' W% ^/ l( N% U/ I! W6 f) F/ q; @* q+ O
Recently OPEC reduced crude oil production twice over just a few
1 t( C/ n# o& N  _3 mmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
( N3 `$ ?; R& AA year ago these things would have spiked the price of crude oil by at # X9 H# C: k; E& x
least $50.00 per barrel. Today, oil price declined by a record amount.
* T! Q( t! y$ O2 J
  f  l& B/ |0 b' p
5 \# v4 q* U( Y% z9 X( QThere are several reasons the price of oil is decreasing in the face $ l8 B& B2 V) m( ^
of so much news. These reasons are: 4 V( t) C6 M. P# w' R
4 t1 z9 Y2 V+ _" B' }2 h* S6 X0 r
+ k' V9 q# P3 ^2 Y& K$ w9 [8 ^! h
1. New oil has been found in Canada, Montana, North & South Dakota and
* N" L3 n2 L5 ^in the ocean near Brazil. Each of these oil fields has more oil than
2 s% N5 A4 h  X' c4 B1 [8 a5 l1 j9 aArabia.
1 J! ?5 `# S# L: c0 d1 i6 G
  \4 S1 u5 ]' ^- P4 y
/ i; N6 x' \) T2. New natural gas has been found in Pennsylvania and West Virginia. 3 b3 Z2 t: E. r& D/ Z  c
This is the largest find in North America. 2 y- K0 x4 M3 Y  Y  j+ m& D

; I2 N* @+ {3 S7 o
/ Z1 _5 r( v; b! |3. New methods of injecting CO2 and surfactants into oil wells is 6 }8 ^3 u- y8 {) l
being used to double their output. 5 U7 M; N$ u# y* i' R- o
- s6 A' ~) W/ p: G4 x' L

1 f0 A: `: m" H) P' m1 J  ]4. Production of bio-fuels is beginning to reach critical mass. Bio ; K; g# J) w2 y; a9 G) Y
fuel is being produced from many plants and algae. The production 6 y: N) w* B" w
potential per acre in some cases is astounding. Many countries are
, ^, w& z& p+ U' q3 H0 ]% j) E" Lracing to produce bio fuels.
$ L7 `! W  @: [% i/ m5 f% U* u% R4 h- a; P. N
( m9 n, Q0 i# [9 @) M
5. Virtually every restaurant in the US and all food processing plants
# i$ `$ B1 G1 ^$ k+ fare now selling their used oil to bio-diesel producers. Every pork,
* W: G: f/ R$ pcattle, turkey and chicken processing plant will soon sell their fat
- U9 b- Y) z( G; k7 T: z& Ato bio-diesel producers. One pork processing plant in Oklahoma is
8 Y- {* r" I! b4 Uproducing 30,000 gallons of bio-diesel per day from pork fat. ! Q1 u; z( r8 }
$ @% S* q+ p* _' c1 T2 L5 l6 |

( A$ X+ H- s" K0 D, M6. There are 99 nuclear reactors in various stages of planning and
$ Y: W3 l" A+ \construction around the world at this time. Several hundred more are / T3 ~- @& Q7 E* j3 Q
expected to be built in the future. Much of the energy they produce ! E9 S7 |$ o* s2 _& F2 F% Y
will replace oil.
0 k% [" l% T( d& O# x
0 w8 i2 c+ G' u$ \, J5 H
% E& ?  p; q2 E  _* t; Z! I7. Every company in any form of transportaion business is replacing ) p7 ^; e6 ]. L& \
older equipment such as trucks, airplanes, train engines, ships, etc. 5 {3 o6 j6 _; \+ \( }
with new more fuel efficient equipment. Airlines and railway companies : x& |4 d6 r& x/ f
are experiencing 20% to 25% better fuel econony with the new . N5 H' C# o' `9 B! j# {
equipment. / U; G! `' s& H+ G, j

# H) Q" z, f7 l( ~, F# R7 ^: f. s  l: F5 ~3 y0 w$ E* f& l2 h9 D! \
Airlines are flying airplanes with bio-fuel. They are finding the bio-
7 W& S3 f. C- \) z  f; L6 ufuel is cleaner and performs better than jet fuel. ( Z# C; S# z* x2 s5 o5 F+ F* {
3 F8 H- @5 N: E3 h; v0 O
& ]# I& ?4 b5 L$ q' O0 {
8. Cities and counties throughout the US are selling the rights to 7 A4 o% }* F# o) n. {
capture methane gas from landfills. This is a huge source of gas 2 n3 V& J- v, _# \; l0 }! ]& D* E
available at very little cost or risk. The gas is displacing crude
( {" f& h! `) b' _( x  F: I( Ioil.
5 j5 t* W5 d/ ^+ @2 J4 e1 k" t' R8 c- ?# B4 u2 K$ g3 S( A8 |% |

0 X* z, `* a& n- \9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 z/ v! ]9 Z3 N3 Q- @2 N) _
produced as a byproduct is sold to oil companies for injection into
2 {3 g  I; m# doil wells. " b# u5 V# l, u6 }5 O

1 @5 L% O! U2 x9 y8 }6 h
3 w% C6 s2 {+ C: w1 J% _10. Solar, wind and ocean energy is displacing oil as an energy , s/ N# p! Q: @1 ?3 V. n
source. Three new wind turbines are being erected every day in the US. 1 ?4 ~; I, g# F5 z7 Y

3 K- Y. J7 w) b5 T2 ^; G/ u, G8 K1 l" h0 {6 T
Each of the above by itself will not make a large difference in the
3 ]5 y4 V# {# @) B( Cprice of crude oil but the sum of all of them together is world 6 [% g! n, r. m  {
changing. The important thing is that OPEC no longer has the ability . K* T5 z# E/ _- V1 g" r" H  w* l6 H
to control oil prices. . M: Q" a( I6 L/ |* R
- U7 D, v, z$ M  i: `! T& R" e

7 \; |. d' P" ]6 u& sWith the above scenario, I still believe that there are under
% s+ w$ m1 C8 |4 p, `4 k- Xperformed OIL companies and probably they are yet to get the justified 5 e( o7 y$ L; T6 P
value ..... 9 [6 |9 w6 a: d; f; N* J1 x
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
! R& M+ s8 |, _! V: g- I% o3 x$ q+ a1 O- f

0 ]8 J# Q6 d, m6 q! EThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
. G6 r( B, t& L, ~' i% c2009 ... FYI-Only
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