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Below is an Interesting article I found, which says that.....Do not : h2 n. n+ I' f: q' J
expect much from Crude Oil producers and future is not with the 2 x. O, M% Q0 \
companies producing Jet fuels but Biofuels. Also no wonder if some of
# l5 H* Y: a5 p0 h5 dthese oil producer will go bankrupt or out of the business even if 3 g+ p8 h; g e- T' u
crude prices improves. This implies also to good names such as Shell, 4 d- p0 }9 B, p
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few
5 H% m8 L1 E7 s" @months. There are three wars going on in Gaza, Iraq and Afghandistan. # r, `5 b" z) @7 J$ X# l' o
A year ago these things would have spiked the price of crude oil by at
' H3 \. ^9 _8 A# B" ~least $50.00 per barrel. Today, oil price declined by a record amount.
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# g% P' D) H4 h- Q" B+ M9 ?. aThere are several reasons the price of oil is decreasing in the face
; e! O4 g$ O; gof so much news. These reasons are: $ r7 N9 ]2 _+ @1 N- k
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1. New oil has been found in Canada, Montana, North & South Dakota and
- D' I! ~' |8 u3 y" i' \/ {in the ocean near Brazil. Each of these oil fields has more oil than 1 _0 R9 T; W1 W3 W1 n
Arabia.
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: P5 V S7 S# n* Y) ^2. New natural gas has been found in Pennsylvania and West Virginia. 4 @) ~4 B6 [3 Q
This is the largest find in North America. 3 p. ?8 s8 N8 v0 `
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- Z+ z/ H- i* h3. New methods of injecting CO2 and surfactants into oil wells is % g) A6 f+ ^+ f
being used to double their output. ' N. R o$ R! J. i
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& w6 [. x8 ]* ?7 v) J# J* a4. Production of bio-fuels is beginning to reach critical mass. Bio
# r% g. Y* z! k2 \" }fuel is being produced from many plants and algae. The production & V6 f" e$ F- H' c* W+ ]8 w
potential per acre in some cases is astounding. Many countries are ) U4 ^- Q8 ]. S B
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
o$ f4 X# h0 {2 k$ sare now selling their used oil to bio-diesel producers. Every pork,
; [& D3 Y! A) K: Gcattle, turkey and chicken processing plant will soon sell their fat 2 w- O# [, B( g4 i0 F, t$ \
to bio-diesel producers. One pork processing plant in Oklahoma is . N% T( ^1 ^, x3 S+ a/ [
producing 30,000 gallons of bio-diesel per day from pork fat.
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6. There are 99 nuclear reactors in various stages of planning and ) h6 I) X3 v1 ^% a9 K% F
construction around the world at this time. Several hundred more are
, E/ ^8 x0 |2 D P" k) I* `& t: iexpected to be built in the future. Much of the energy they produce
3 Q' G5 J9 Z! L- ]will replace oil.
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7. Every company in any form of transportaion business is replacing 5 Y5 `8 f0 v' e# S# O
older equipment such as trucks, airplanes, train engines, ships, etc.
- T4 |/ T" I$ y! p" t1 t; W" jwith new more fuel efficient equipment. Airlines and railway companies 6 ^' O5 u# l5 e5 f$ k' U% q
are experiencing 20% to 25% better fuel econony with the new
: l4 u0 h8 w- G# I5 u' K" e' F. Lequipment. + D& J, ^% S' z: W) I- u0 }% @5 K$ z
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Airlines are flying airplanes with bio-fuel. They are finding the bio- 6 g; m% T: v! E0 D: V0 {
fuel is cleaner and performs better than jet fuel. : O( t e" Z1 c/ U1 I
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# F: z) B- f. }+ u4 i6 K8. Cities and counties throughout the US are selling the rights to
) P. r2 P9 ? B7 G/ s& K8 l' y) \4 rcapture methane gas from landfills. This is a huge source of gas 9 E+ k, S/ l- c
available at very little cost or risk. The gas is displacing crude
( X y# a- U2 R4 boil. ( E; m4 k$ y9 |) d3 Z0 U3 l! k
j3 L) B2 W7 j H/ B9 V& R. c
3 U4 \6 R+ {9 [) o I% E$ X9 B/ A9. Coal is being transformed into a clean burning liquid fuel. The CO2 ; \6 S" h/ |) }. M8 [6 o# `* M+ q
produced as a byproduct is sold to oil companies for injection into
\% s, Q; ^( O7 }* F" foil wells. 7 L4 ]* ]* Q2 I- Z4 F! l
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/ ~# c& I0 U! X10. Solar, wind and ocean energy is displacing oil as an energy
; k/ E0 U( n5 C( M# x9 p, Asource. Three new wind turbines are being erected every day in the US. + u1 o5 B* ?8 U$ H9 N: Q6 x2 ~5 D1 M6 r) M
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Each of the above by itself will not make a large difference in the
7 H; g" x) v' y" P* Wprice of crude oil but the sum of all of them together is world
; o! g6 f/ s5 h: M# Mchanging. The important thing is that OPEC no longer has the ability & N; P- a8 O+ m# }% g9 ?- {7 Z. w/ R
to control oil prices.
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$ _% }2 \' v0 W; X9 T* iWith the above scenario, I still believe that there are under
+ l5 ~9 ^9 C: z2 r0 aperformed OIL companies and probably they are yet to get the justified
# j9 [$ I2 l8 M' U& Rvalue ..... I* c! J2 v. S7 X
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 0 z% n; F" s: z! A6 N. G; s& B
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
' Z7 u1 K$ S; E9 ]% r, ~2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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