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Below is an Interesting article I found, which says that.....Do not
6 w- } Z8 o+ s4 q ?4 Gexpect much from Crude Oil producers and future is not with the
: Z- @$ `! r% s3 lcompanies producing Jet fuels but Biofuels. Also no wonder if some of
. S, t. h8 a; g L; Sthese oil producer will go bankrupt or out of the business even if
% X+ z8 o5 w2 ccrude prices improves. This implies also to good names such as Shell,
2 N" c3 p4 R: L. pEXXON, BG, BP, Cheveron ....xyz.. oils
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( z2 ?1 a4 e8 N f w; `Recently OPEC reduced crude oil production twice over just a few 8 E' c0 `5 K& g0 {# n8 B
months. There are three wars going on in Gaza, Iraq and Afghandistan. 8 h, V% a5 T+ b& X) v0 t* ]- {
A year ago these things would have spiked the price of crude oil by at + L# `/ b$ P, U q- _- |
least $50.00 per barrel. Today, oil price declined by a record amount. 8 s+ {: ~! {' X) w1 X
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There are several reasons the price of oil is decreasing in the face 2 k4 `6 h! |8 J! v* p% S: I
of so much news. These reasons are: 3 W+ q% _5 ]9 g1 V8 H2 ?
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5 T2 L q3 q5 F6 l V1. New oil has been found in Canada, Montana, North & South Dakota and
1 X& Q" @+ {! u3 D. g6 `in the ocean near Brazil. Each of these oil fields has more oil than
# g7 Y: Z X4 G5 N# ~3 e5 PArabia. 4 c2 m- Z$ F6 j5 T, R6 T/ Y. L2 j
8 v, R* r( B {+ {0 q* E1 k9 J" i: O% A$ x7 {- c& r
2. New natural gas has been found in Pennsylvania and West Virginia.
6 v6 n/ o n* z. @. v' C: FThis is the largest find in North America. ! }' x. M2 _+ M4 i2 S$ s$ f
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0 {' ]4 ]" ^! ?3. New methods of injecting CO2 and surfactants into oil wells is 6 l" | }( r5 p2 o
being used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio
$ {/ C4 `$ `4 ~$ L" mfuel is being produced from many plants and algae. The production : P6 t2 B+ g7 r
potential per acre in some cases is astounding. Many countries are ; U: ]/ x6 Q6 L; j. ~( R+ j$ R
racing to produce bio fuels.
4 K# }4 z9 E# r5 I8 J4 G& E- ?2 q$ t, l! f% V- b! C
, h, o$ d" F( [3 ~! j2 X5. Virtually every restaurant in the US and all food processing plants & C: U3 r R5 b( J4 _ \) x$ l
are now selling their used oil to bio-diesel producers. Every pork, : ]# `1 k* z! K1 [3 @
cattle, turkey and chicken processing plant will soon sell their fat * u0 D1 S7 ?3 c! s6 G7 D3 ~, O
to bio-diesel producers. One pork processing plant in Oklahoma is 0 P( K8 H. ~* _8 n
producing 30,000 gallons of bio-diesel per day from pork fat. M. |7 N8 ]5 O- A
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; X+ G$ x5 g6 F6 t6. There are 99 nuclear reactors in various stages of planning and 6 Y+ B& d/ T; m
construction around the world at this time. Several hundred more are 0 V) B' Y; j: b: p
expected to be built in the future. Much of the energy they produce 7 }0 y$ h5 `- e, l6 Y/ _) L
will replace oil. ! V/ y0 e5 L* r1 [ k3 U
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3 Q7 H: C, S/ V5 r) j3 x
7. Every company in any form of transportaion business is replacing
' ~! ^# J1 _9 ~, `3 O3 z" Zolder equipment such as trucks, airplanes, train engines, ships, etc.
; W3 _8 U) y4 p2 e& a) Y) M( ~with new more fuel efficient equipment. Airlines and railway companies & `% w1 S2 a, K
are experiencing 20% to 25% better fuel econony with the new
/ z. G* @' }6 X1 \equipment. % a( r" X" `5 Y% ~' {
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, Q/ E6 D8 b9 M. j! T6 i1 vAirlines are flying airplanes with bio-fuel. They are finding the bio- & M6 J# ~* ]3 m) H
fuel is cleaner and performs better than jet fuel. % C A( ~ Y: A B* L8 n7 N
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8. Cities and counties throughout the US are selling the rights to ; T" M. x- i7 g# ^6 B
capture methane gas from landfills. This is a huge source of gas
8 H6 O3 n' V# C8 W' n- U$ iavailable at very little cost or risk. The gas is displacing crude $ P2 O; l4 Q! k7 \' C B `
oil. 8 N% Z. i1 m4 F- i
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2 l$ G4 p/ T2 f4 i5 t1 S9. Coal is being transformed into a clean burning liquid fuel. The CO2
; o, Z. R3 k$ ^1 x4 T* Nproduced as a byproduct is sold to oil companies for injection into ) n2 G" Q( d# S8 l, J4 M
oil wells.
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9 F& k7 `" b! h5 c' `2 k, ~10. Solar, wind and ocean energy is displacing oil as an energy 9 ~) L9 V+ E. f2 U) n: s) a4 f' c) [
source. Three new wind turbines are being erected every day in the US. 9 X* k$ |/ ~1 O2 f. I
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Each of the above by itself will not make a large difference in the
B" T( v+ o: g* r) K1 X pprice of crude oil but the sum of all of them together is world 0 f' N1 L8 T _3 U, N% X' j
changing. The important thing is that OPEC no longer has the ability . c5 G. D( l1 @
to control oil prices.
! c0 c/ G+ z% z7 w' g v: {! n/ m. [5 b6 Y8 V
) o9 ~" P- c4 ?With the above scenario, I still believe that there are under 7 _* s' v4 y' j
performed OIL companies and probably they are yet to get the justified
& o/ X6 A# N9 [; f) o4 R# Bvalue ..... " }; S2 M* ?; A0 e
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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7 F" N/ { n. a3 h$ g$ o( _6 h
& o6 a9 E7 f: Q _5 U8 VThe above articles are from WSJ .............PUBLISHED ON 9TH JAN . B3 x; e. O4 C6 ]6 t
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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