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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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! v1 Y6 F8 l) O2 N5 a' xBelow is an Interesting article I found, which says that.....Do not
1 E# f) r8 z  y4 Y4 R% G' y% aexpect much from Crude Oil producers and future is not with the 4 u) W; M- d, M5 D
companies producing Jet fuels but Biofuels. Also no wonder if some of $ Q4 ?; }$ a  t$ c* b" x" m
these oil producer will go bankrupt or out of the business even if 2 |# C8 S6 R2 B) E. v  e- Z$ i
crude prices improves. This implies also to good names such as Shell,
7 x. ~7 _: _  Q; Y$ pEXXON, BG, BP, Cheveron ....xyz.. oils 2 M) C, A9 ~. P" }8 J- a! C5 g

  F! U( @! O- T; W3 IRecently OPEC reduced crude oil production twice over just a few
6 ^! e4 x9 {* l. o# N" Z  O. [, Bmonths. There are three wars going on in Gaza, Iraq and Afghandistan. " B- C+ W1 j# H: v+ |! f
A year ago these things would have spiked the price of crude oil by at 1 h+ _2 c: B9 t; H' L: Z
least $50.00 per barrel. Today, oil price declined by a record amount. ; B) F% Q- a0 C. Q) b5 ]5 t& p

. I" M4 a6 K: Y8 W7 ~( y5 Y0 [$ t. j9 S/ i
There are several reasons the price of oil is decreasing in the face
7 H5 I6 X, U" k2 M2 p/ Nof so much news. These reasons are:
3 o4 [: }1 J8 ]/ }! L8 W
5 n) x1 ^6 T! i& h# m1 }5 Y* ?4 E: a2 n2 z6 q5 ^+ R
1. New oil has been found in Canada, Montana, North & South Dakota and
8 O  F, j) m; o7 J: ~* sin the ocean near Brazil. Each of these oil fields has more oil than 1 M0 e4 ]& x: ^4 k- X4 M0 {
Arabia. , ]$ J% M) Y  i  y% c5 W7 V# Y

* V' S  L; W" A2 Z. x3 [8 |2 t, l# p$ c6 S, g! q7 X; E
2. New natural gas has been found in Pennsylvania and West Virginia.
& V' z' \$ T+ ?/ T1 \This is the largest find in North America.
, i. Q( u9 w, ]; c2 Z3 N( u
& m4 U4 q  e, I' Q& o; }8 x6 F! B0 B( E+ V; N1 r$ n/ U$ t$ M/ K
3. New methods of injecting CO2 and surfactants into oil wells is ; X, u) S0 D/ e0 ^0 ~( W  E- I
being used to double their output.
" q( c7 }1 z! B0 U$ |) ?  k* j0 U- Q6 L" @% [5 F! T! `6 ]5 m3 c

" R1 u, K. ^3 _! L0 r, O5 p' h; a. {4. Production of bio-fuels is beginning to reach critical mass. Bio & D- t/ I" P& m+ S& x, U* W
fuel is being produced from many plants and algae. The production
8 \4 v9 S0 x0 |potential per acre in some cases is astounding. Many countries are 8 s4 y1 w+ F. H% C) X: B
racing to produce bio fuels.
* F3 l4 ^, p8 D+ F4 ^
' q3 L0 e$ {4 a
, L0 g, |9 W1 R! D9 M* p* R5. Virtually every restaurant in the US and all food processing plants
* g. z* D3 r2 G4 M6 F  vare now selling their used oil to bio-diesel producers. Every pork,
9 F' f4 I+ v' y( T7 d% jcattle, turkey and chicken processing plant will soon sell their fat # {7 D: v$ h$ n0 L# E! L) O
to bio-diesel producers. One pork processing plant in Oklahoma is
( B3 N. Z/ G- k+ M# hproducing 30,000 gallons of bio-diesel per day from pork fat.
8 m8 e! C6 n; t5 z( ^4 M' U
- J; Q  H: Q9 i- r* g% Z& p4 X9 f0 e9 `0 K+ ~" d4 W6 ^) g5 S
6. There are 99 nuclear reactors in various stages of planning and
9 T2 q/ T6 ^. d, F9 D5 qconstruction around the world at this time. Several hundred more are
8 p; e$ ^$ S% G! K3 [1 G& i& mexpected to be built in the future. Much of the energy they produce
. _4 X8 c  O! X" U! hwill replace oil.
) a  ^  {9 O6 f7 g0 W$ a  C7 q) I: N& G# q2 _

% [: R' X7 j6 O" K) q2 V2 C7. Every company in any form of transportaion business is replacing
$ [' Z, r8 O( o0 C# Y) o: A! Golder equipment such as trucks, airplanes, train engines, ships, etc.
) G3 L( I8 \/ Y% H3 \with new more fuel efficient equipment. Airlines and railway companies
  g  I% Y+ b- a5 W$ B9 b* [0 s9 Zare experiencing 20% to 25% better fuel econony with the new ) Y( \# v, X' K" d- A% N' R
equipment.
8 t2 C& P  p' B  z
, [& ~+ ?" }6 J; k) N7 S0 b% k6 j. ^+ B
Airlines are flying airplanes with bio-fuel. They are finding the bio-
5 R) J- ^& S5 @- `( M4 ufuel is cleaner and performs better than jet fuel. $ A( N% q& F* _# h, d: o' C: N
' [  A. B& \# b6 D

# i# D$ k& C# W( T8. Cities and counties throughout the US are selling the rights to 8 l1 o( I( ^9 U8 J$ @6 a+ V& G# g
capture methane gas from landfills. This is a huge source of gas : y+ J2 @8 t- R  ?# H6 `
available at very little cost or risk. The gas is displacing crude
+ a0 F9 h/ j) Soil.
( d( c+ u& D0 x! t. f
, `. T: y+ v8 _% @1 y$ Q2 r/ D0 }& y# p
9. Coal is being transformed into a clean burning liquid fuel. The CO2 ! m; y$ T; x: z/ v( p$ t! _; J
produced as a byproduct is sold to oil companies for injection into
: b& \7 ]9 P3 G7 P- |8 Q7 \2 Q. voil wells.   _9 _  D  E3 |8 H7 b; S% p+ H$ \

2 {6 S5 Y9 v# K+ e  i4 h
, b/ v5 N& m: V& x10. Solar, wind and ocean energy is displacing oil as an energy
' M, @% w! z0 J2 jsource. Three new wind turbines are being erected every day in the US. . N+ G1 ?6 u4 m$ N

' U" l; V) @- b" M" F. R$ a# V0 U2 d9 v- n2 A- }) g9 m! n
Each of the above by itself will not make a large difference in the
4 w; y  y% a8 R6 g+ R: Iprice of crude oil but the sum of all of them together is world
6 v% Z1 ?9 O# x4 g) A, j! lchanging. The important thing is that OPEC no longer has the ability
5 z' i/ a+ o8 C2 \0 Y- D$ E! cto control oil prices. 7 z0 a6 j# C! @5 z) U

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With the above scenario, I still believe that there are under # Z0 ^1 G8 ]& n/ |5 k
performed OIL companies and probably they are yet to get the justified 3 k! v; r; h# g2 ~; B. B
value .....
/ x/ @4 x! c" ]IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...   i4 |$ m& o" F- k/ e& Y# P
3 D0 t! X" C$ J2 |

0 P3 g' M- F6 l+ T9 mThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
4 ]! K' z+ o3 H: ?3 t' X9 `7 m. i6 O2009 ... FYI-Only
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