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( n. }( v3 I8 e! @8 {Below is an Interesting article I found, which says that.....Do not $ y) I1 N8 [2 b
expect much from Crude Oil producers and future is not with the
$ \2 S; i4 y, P- _. D6 C% n) L8 jcompanies producing Jet fuels but Biofuels. Also no wonder if some of ) Y0 N/ {, R, L2 h
these oil producer will go bankrupt or out of the business even if
1 K3 L; ~1 ]6 ]crude prices improves. This implies also to good names such as Shell, 2 v+ ]' \( r8 W) x( u/ t5 v6 X
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
( F$ h8 h9 u" s! zmonths. There are three wars going on in Gaza, Iraq and Afghandistan.
# b6 J( h9 r7 A1 VA year ago these things would have spiked the price of crude oil by at
% E3 r: I4 `- N! |$ h$ Mleast $50.00 per barrel. Today, oil price declined by a record amount. / V1 o; t' j+ R$ Z, }: p1 M: m4 v+ t
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There are several reasons the price of oil is decreasing in the face
0 p& ~6 g! T) F! ~" O1 K4 y; Iof so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
) r" f0 ~( t e* q+ _* kin the ocean near Brazil. Each of these oil fields has more oil than 8 w2 N; Z( g6 }) r% `! ~2 ~
Arabia. " ]; k6 P2 r. y D! u1 r
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4 H) p+ Z6 \7 ?2. New natural gas has been found in Pennsylvania and West Virginia.
0 @5 N# w0 {% sThis is the largest find in North America.
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, N8 k O; a3 ^- l& \3. New methods of injecting CO2 and surfactants into oil wells is
0 n- ^$ N9 O' w5 a4 rbeing used to double their output. : @& u8 d" O( T O
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4. Production of bio-fuels is beginning to reach critical mass. Bio " Z+ k7 S! C' U6 U6 [
fuel is being produced from many plants and algae. The production
0 I! @% v& Y, B0 U- L' N" ]( wpotential per acre in some cases is astounding. Many countries are 9 e- B( n( N. u4 d: w: _1 ]/ B1 L
racing to produce bio fuels.
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) w) G W! I1 ?( h3 ~2 `: s3 b5. Virtually every restaurant in the US and all food processing plants
+ W# c- \. {! ], p3 z% Mare now selling their used oil to bio-diesel producers. Every pork, / E0 Z; g* ^, R# Y+ p
cattle, turkey and chicken processing plant will soon sell their fat - i+ \/ U% g) G
to bio-diesel producers. One pork processing plant in Oklahoma is 3 b' t K% G$ W1 z. {
producing 30,000 gallons of bio-diesel per day from pork fat.
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9 y! Z1 C- B9 G: m- z' k, ^2 v. h1 u6. There are 99 nuclear reactors in various stages of planning and
$ l8 ~8 g5 W( x8 W' M* Aconstruction around the world at this time. Several hundred more are
8 f) u, y6 w7 I, Zexpected to be built in the future. Much of the energy they produce + c" Q1 o) L* ~" ^" ]1 H
will replace oil.
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7. Every company in any form of transportaion business is replacing ( [8 D2 p: Z; z8 Z* M2 M2 a
older equipment such as trucks, airplanes, train engines, ships, etc.
. e$ n+ T& Q" nwith new more fuel efficient equipment. Airlines and railway companies + g. W8 x2 ^; k# m2 r
are experiencing 20% to 25% better fuel econony with the new
. Z% \9 P' D6 C" C' w+ z1 H" u9 oequipment.
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% w1 w, s+ a+ A9 z' O% ]# P! RAirlines are flying airplanes with bio-fuel. They are finding the bio-
) Y% `7 M- x. Efuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to 4 U% J: p/ q" k' _5 Q! J. ^
capture methane gas from landfills. This is a huge source of gas
3 Y* Z# c2 P$ q# A' Qavailable at very little cost or risk. The gas is displacing crude ; j/ S; \6 ~+ c" n' Z8 @8 e
oil. / C; t3 C- l2 B; `5 r) i. \6 l
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
2 V8 I# P& ]1 x2 J( zproduced as a byproduct is sold to oil companies for injection into : \# z* k+ l V! Z. }
oil wells.
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1 n; Z8 v: Z! }2 d) w! R10. Solar, wind and ocean energy is displacing oil as an energy
) v1 g# M& ?$ Fsource. Three new wind turbines are being erected every day in the US. : I9 P ^, D- i8 _; \6 w+ X
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9 h, X9 C/ e \$ C' O+ j5 VEach of the above by itself will not make a large difference in the : [2 R2 I! y A$ d1 p- E
price of crude oil but the sum of all of them together is world
' w6 d$ i+ q1 ]+ M1 o j3 [4 ?changing. The important thing is that OPEC no longer has the ability " w( _+ W) o; w
to control oil prices. - d& B( w6 r1 c( a
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With the above scenario, I still believe that there are under
- T: ^) V) ~% Z0 N7 q" {1 k& |performed OIL companies and probably they are yet to get the justified
( r0 s3 K! J) Ovalue .....
9 I) z1 r! o5 d' oIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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, u" G: K; ?% ~. J; l2 ^The above articles are from WSJ .............PUBLISHED ON 9TH JAN ! M7 M2 d- _% D: |$ L4 M
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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