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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
& p6 I; g( I( {4 jexpect much from Crude Oil producers and future is not with the 1 v! N( S' c3 _0 I7 L9 d. f0 o
companies producing Jet fuels but Biofuels. Also no wonder if some of
3 t3 i  d. ?; J- ]* b6 m* ~these oil producer will go bankrupt or out of the business even if
5 f% `) m! x# M1 wcrude prices improves. This implies also to good names such as Shell, # ]: ?5 g0 h) e1 E6 H  y
EXXON, BG, BP, Cheveron ....xyz.. oils
3 ]9 e$ s) a# X! y5 G& G
2 E, _3 h7 `9 O7 {' K% bRecently OPEC reduced crude oil production twice over just a few
1 [( Y. M$ |# ^' E& c! O' mmonths. There are three wars going on in Gaza, Iraq and Afghandistan. 3 q; t8 s. z3 K# h$ _# I) M
A year ago these things would have spiked the price of crude oil by at - E. Q$ C+ K/ ?+ |% g
least $50.00 per barrel. Today, oil price declined by a record amount. ( S: E9 O9 O* f: V# q
$ _+ a7 {! g5 H4 J: ]
4 w0 a% P/ g  [1 k0 A
There are several reasons the price of oil is decreasing in the face " I  x9 g' L8 T  r
of so much news. These reasons are:
" Z/ j7 r# I" W8 J0 R# M; X3 L, ^+ b

- g  n% t1 O% X1. New oil has been found in Canada, Montana, North & South Dakota and ! x0 x, x: Y6 d# G
in the ocean near Brazil. Each of these oil fields has more oil than / w6 D" u7 ^/ S! |3 ]1 K: ?- n
Arabia.
: i4 P7 h  I- [9 ~5 j5 ^- T  {! t/ C( l! S& w4 Q' ~2 Y: y

4 I: C6 M& \( G- D) Z2. New natural gas has been found in Pennsylvania and West Virginia.
- e7 P2 i8 v8 l7 H, @This is the largest find in North America.   s* R& I# W' P4 _
! c6 @8 W. }+ d. g
4 ?, L" ^7 H/ I5 A: |- f
3. New methods of injecting CO2 and surfactants into oil wells is 6 D$ e/ }: R$ p8 o6 |' F$ S
being used to double their output. 1 r. q$ L2 I; u9 s1 k
% t9 N5 g, w2 c
7 f: F! C$ A" ^* t5 G
4. Production of bio-fuels is beginning to reach critical mass. Bio ( [" q  a+ M* i, T
fuel is being produced from many plants and algae. The production $ F# V' ?6 p) Z8 x2 A
potential per acre in some cases is astounding. Many countries are 9 [& q* [; p) R: C
racing to produce bio fuels. ' ], c0 O+ u6 ]& S6 m

  S# E. x' J' U( h- ^  R# N, b+ n* [
5. Virtually every restaurant in the US and all food processing plants " u2 T+ C: x4 i0 G. J
are now selling their used oil to bio-diesel producers. Every pork,
% u5 ?! X' p$ \cattle, turkey and chicken processing plant will soon sell their fat # R- x6 }4 l" ~- l5 v
to bio-diesel producers. One pork processing plant in Oklahoma is 0 g/ R: {9 @+ g' z; _6 y
producing 30,000 gallons of bio-diesel per day from pork fat.
2 k* ?% Z+ I8 J8 I! a( K* J. h
% L$ F; z0 T# F! n5 s" D6 x* t+ Z5 `0 r. K- G
6. There are 99 nuclear reactors in various stages of planning and . s5 `6 c# N% {; I8 z- a# F/ b! h
construction around the world at this time. Several hundred more are
% ]% S. o3 ~5 y" V  E! Gexpected to be built in the future. Much of the energy they produce * b* E: {" K0 a
will replace oil.
: }& v! W4 B6 R& V2 s' y( j& y0 w! O) U1 q9 ?6 M
5 t# ~7 H* k' c+ ~9 s, T) H$ P
7. Every company in any form of transportaion business is replacing . A# u; B' H8 h* e: @; h7 e
older equipment such as trucks, airplanes, train engines, ships, etc.
/ O. J* |; u2 a( T3 b3 wwith new more fuel efficient equipment. Airlines and railway companies
; o5 ]) l; v- Y* h# V0 d% o- E5 Pare experiencing 20% to 25% better fuel econony with the new
4 V# @! H7 e$ T3 z% H/ Aequipment.   t3 W0 m: p4 O$ J) [9 t6 \
1 l& p( h& \4 x, t

& t$ R, i" B1 Y! h! t2 @/ oAirlines are flying airplanes with bio-fuel. They are finding the bio-
# }9 [0 M" F5 n+ R5 \7 nfuel is cleaner and performs better than jet fuel. $ v, F8 u5 [7 Z. G  H
& T" J0 k9 j% f8 N3 a7 s

. P$ O- I1 s! X# q8. Cities and counties throughout the US are selling the rights to 5 O: U8 V. o, Q) v& A0 P
capture methane gas from landfills. This is a huge source of gas ; [) E( o, M& ?9 p3 ~4 y+ ^
available at very little cost or risk. The gas is displacing crude ' L  P5 W! g) ]# t" W+ d4 }" |
oil. 6 ], a: h! @: p  u, H
+ \, X( ^' U8 o2 k7 s& ?. e- r; `

0 U4 b$ B; K/ i# G9 |7 y* `9. Coal is being transformed into a clean burning liquid fuel. The CO2
/ i2 B) S, Y# n* ^produced as a byproduct is sold to oil companies for injection into 5 A4 Z' }: N. ?9 ^- [
oil wells.
8 ]! o' O$ _4 X. n  l2 j3 B! B+ K' W

* y& z: A. ]: {' @# G10. Solar, wind and ocean energy is displacing oil as an energy ! w  ~, `8 f* T) S* G$ n
source. Three new wind turbines are being erected every day in the US. ! G% _9 s" b$ O0 X
4 n' A, c7 P8 J" T6 G* T

5 N. J! ^' ]' f1 NEach of the above by itself will not make a large difference in the
/ G! Q8 o, _0 K# @9 o1 I- {price of crude oil but the sum of all of them together is world 2 x: s% M# r. O; k/ E
changing. The important thing is that OPEC no longer has the ability % _" X" M$ \" X. E
to control oil prices. ; |+ \% N* P% P4 G( G6 ], D
; q" F8 c! h1 t% h& _  U1 g8 W# P+ l

& y9 _5 E: I2 j- }With the above scenario, I still believe that there are under ; A' x3 g, ^9 f1 A
performed OIL companies and probably they are yet to get the justified ! D1 l) i2 ^+ V) R
value .....
. R& e( z) v' p7 l' UIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
. P" o5 I4 H* o% [. T2 H7 k; d& `. I) C( H/ Y- [- V

8 x; X# W3 ]6 i# j7 f7 U/ IThe above articles are from WSJ .............PUBLISHED ON 9TH JAN , p( D, l' G0 Y5 N2 y
2009 ... FYI-Only
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