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' y- \. W- P5 S+ Y" l6 _ p, \Below is an Interesting article I found, which says that.....Do not / n3 e: s. ]3 ]0 P( K
expect much from Crude Oil producers and future is not with the
: X* J7 X/ k% ~" z' r' Bcompanies producing Jet fuels but Biofuels. Also no wonder if some of
! A. V8 e- c) ]6 t8 \1 H5 ]! z3 j( wthese oil producer will go bankrupt or out of the business even if
- G* V- [1 _: q# O0 T+ V% ~crude prices improves. This implies also to good names such as Shell, 3 d" F0 b" \. s. q3 d$ r: `% E
EXXON, BG, BP, Cheveron ....xyz.. oils " b4 A/ [: C: u4 S( F# A
% @; J) e! [, } ]7 @. l' FRecently OPEC reduced crude oil production twice over just a few
- u! Y l. c W0 [/ ]4 d" Y1 omonths. There are three wars going on in Gaza, Iraq and Afghandistan.
' I1 R9 ^5 A; T0 P" n4 O8 X3 tA year ago these things would have spiked the price of crude oil by at
/ f& |. \& p7 F V2 v' Tleast $50.00 per barrel. Today, oil price declined by a record amount.
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. O; A5 K- [- G6 OThere are several reasons the price of oil is decreasing in the face & m& H+ _4 f M, {1 d+ X
of so much news. These reasons are: 7 S) k) q, ^' m+ F4 y7 ^- S& T
5 t# L1 p5 M) v X* H
( J, _8 o( h+ B( ~! H4 M1. New oil has been found in Canada, Montana, North & South Dakota and
3 V2 k0 @0 r t1 k7 q. \in the ocean near Brazil. Each of these oil fields has more oil than I, R8 j+ Y6 v% n9 K( G5 [1 O
Arabia. 6 L. e' h; d4 D; r- i
; {3 @1 P3 Z8 r( U8 Y
. S& Y Q* y5 I2. New natural gas has been found in Pennsylvania and West Virginia.
. F0 _2 b$ y' {3 o/ |- xThis is the largest find in North America. 7 X( r: a; r+ Y7 E r8 A
2 M" R; ?' t$ B( `+ e
. h5 I m* P- b4 g3. New methods of injecting CO2 and surfactants into oil wells is
" N; Y! ?* s8 E; J" nbeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio
1 q8 u6 O3 {& S2 O9 J4 n5 kfuel is being produced from many plants and algae. The production & d& }( | c# }2 z6 v
potential per acre in some cases is astounding. Many countries are \/ ~9 `/ E% q# a" N/ b/ d9 D4 T
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
" }- s: T, d$ Gare now selling their used oil to bio-diesel producers. Every pork,
- [ _% y0 r' k0 o( j+ h* E1 ocattle, turkey and chicken processing plant will soon sell their fat
; Q2 x4 C. s! d$ G* fto bio-diesel producers. One pork processing plant in Oklahoma is
1 y- e- v/ r5 s4 v( Rproducing 30,000 gallons of bio-diesel per day from pork fat. ! V/ \% Z! L' O7 _: ~
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6. There are 99 nuclear reactors in various stages of planning and * F" D! H q& R$ m0 |7 D; Q
construction around the world at this time. Several hundred more are 7 z- F9 T, {6 |7 J* x& D# |- l! D
expected to be built in the future. Much of the energy they produce
7 }6 w1 K. c7 [* n- H/ `6 U( v* ]' Awill replace oil.
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7. Every company in any form of transportaion business is replacing
3 m' w7 N: [% m9 Polder equipment such as trucks, airplanes, train engines, ships, etc.
; r5 B/ A( d; g# @/ F( h0 @3 qwith new more fuel efficient equipment. Airlines and railway companies
: I5 w$ o9 b) qare experiencing 20% to 25% better fuel econony with the new - k; `% U4 V* T& o' s6 M" v- N B
equipment. 2 e* y5 o: N# o8 O
( }9 O1 n3 x! b+ ?
7 D% g) r! f! r* l NAirlines are flying airplanes with bio-fuel. They are finding the bio- Z# C& ?: \3 o* E
fuel is cleaner and performs better than jet fuel. 3 V: L7 G! M0 E j
2 g! O/ d4 ]$ Q$ e
6 Q, s2 f9 @! O8. Cities and counties throughout the US are selling the rights to
7 x, @3 y/ j2 Fcapture methane gas from landfills. This is a huge source of gas 4 O4 B3 D3 w+ m- n* a/ G& m
available at very little cost or risk. The gas is displacing crude : \ X7 x1 V& t0 P7 z0 ?: x+ B0 W
oil. 5 Z, W6 ^+ Z$ S3 Q. Y
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1 {2 D4 ^: A: l9. Coal is being transformed into a clean burning liquid fuel. The CO2
; L1 Y. Q; W" D6 A) }/ }; R3 sproduced as a byproduct is sold to oil companies for injection into ) I1 K. _+ l% |. \! U' z: o- A
oil wells.
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0 `3 U7 t0 S5 R4 C2 i' m4 u10. Solar, wind and ocean energy is displacing oil as an energy
- l/ t: V8 i0 b2 u) a# bsource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the ! i% p, Y7 d$ v* M/ ~6 _4 U$ e
price of crude oil but the sum of all of them together is world
& R W4 @; t) y2 Nchanging. The important thing is that OPEC no longer has the ability
7 z8 b, m. @, c! i3 kto control oil prices. - w& ~ G1 ~0 }: _% e. P
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With the above scenario, I still believe that there are under + v& C- \) E2 Z) G! I& C
performed OIL companies and probably they are yet to get the justified
M, j: i/ ?( Y$ y" E5 `value .....
Q- P# s$ s) T* a1 lIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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3 ]7 o( \, u9 X4 HThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
" {7 F' ]# M% n ?7 ^0 U. D2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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