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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
8 K. ^4 ~; n5 a7 z5 w( x" eexpect much from Crude Oil producers and future is not with the
# @! J3 F9 Y( u: h+ ^3 [: scompanies producing Jet fuels but Biofuels. Also no wonder if some of
7 Y2 b- h% `- athese oil producer will go bankrupt or out of the business even if 9 m( ^3 S& @" B$ k
crude prices improves. This implies also to good names such as Shell,   c/ w% Q1 @) k& o
EXXON, BG, BP, Cheveron ....xyz.. oils
9 q! j4 R! \0 }; W2 m
$ ?2 P# S* R  }3 t' g& A$ dRecently OPEC reduced crude oil production twice over just a few
3 {* ?' ], W- Q  V/ n  j* C; |months. There are three wars going on in Gaza, Iraq and Afghandistan. + \3 z% G8 F+ B: O" G; [, e
A year ago these things would have spiked the price of crude oil by at - V  w6 r9 P. ]- H! E( ]2 s
least $50.00 per barrel. Today, oil price declined by a record amount.
) |- z: B# r& X8 P3 d! l& H7 J" W  u; T  d* r- n
, Q& Z" t0 _" h  v
There are several reasons the price of oil is decreasing in the face ; r* F+ \, n* v/ W! f8 R* E
of so much news. These reasons are: * z7 b$ I" Z& T5 |! g+ O: t
' w, }: M' }2 I4 t3 h# y8 d$ k4 a# k

" B0 Q; q9 S3 g% b1. New oil has been found in Canada, Montana, North & South Dakota and
7 A/ U" _+ Y2 Q7 D4 Z* [: sin the ocean near Brazil. Each of these oil fields has more oil than
0 G4 n) V6 T$ g2 uArabia. 6 S% o5 f- U: h# _: S

1 \+ s: a0 \2 D: u; {8 b/ u
/ m# e6 K+ j: E. ^. M6 t2. New natural gas has been found in Pennsylvania and West Virginia.
4 w$ K/ v. y5 w; S, ~) z& l0 [This is the largest find in North America. - v0 t. }' M1 n( k
. R0 v1 @. E) @% ~0 ]- Q

6 T+ g1 h# E1 g3. New methods of injecting CO2 and surfactants into oil wells is
6 A" B) T1 C" n) u' E  p$ sbeing used to double their output. ' k$ g" P# d* M& [6 j4 S* t

5 k3 N2 [% Q$ d( y% B, n, |& I+ @; Q( n# v) r
4. Production of bio-fuels is beginning to reach critical mass. Bio & ^( ~8 _; k  Z7 H. `
fuel is being produced from many plants and algae. The production
2 M$ v# E; d. z; h; Apotential per acre in some cases is astounding. Many countries are ( a4 C& U7 t9 M& w
racing to produce bio fuels. 7 y6 ?% S) K! b; R# V  o; L- I
4 ?$ p+ m2 S, @& z8 L. |

5 R6 \7 p1 k* u/ Z" }3 }5. Virtually every restaurant in the US and all food processing plants
0 @+ t" m- o1 ~5 S3 V$ Uare now selling their used oil to bio-diesel producers. Every pork, + j* ?2 j2 T( d7 U, j
cattle, turkey and chicken processing plant will soon sell their fat 5 G5 e* z" D) m  V& a- g
to bio-diesel producers. One pork processing plant in Oklahoma is ) @' z1 i  K% c+ g
producing 30,000 gallons of bio-diesel per day from pork fat.
+ z$ `0 h! A8 A1 ]" o# Q9 @/ L5 I. N6 p, J
) m' n4 g& L. \  c  |) [; I
& W- {4 j! v" z; t. c6. There are 99 nuclear reactors in various stages of planning and
8 i2 D$ Z; k2 F$ `1 Q" yconstruction around the world at this time. Several hundred more are
" E" S. [% g4 L3 Q9 j1 m) A; Gexpected to be built in the future. Much of the energy they produce
1 m, v4 M/ C" Y' I, Pwill replace oil. * W* z) D1 j* A8 w
  d) M6 {3 u) Z: t" e" k0 X0 o

+ u" `* D1 v% D* U2 p/ ~% ^& V" y7. Every company in any form of transportaion business is replacing : I# y3 m% P4 z" w8 s
older equipment such as trucks, airplanes, train engines, ships, etc.   V  _* D- i8 Y. }1 R5 z) F
with new more fuel efficient equipment. Airlines and railway companies
6 O- v) |0 r/ D: E8 Eare experiencing 20% to 25% better fuel econony with the new
' R' T$ l5 A. v: V+ l* |# Z: r6 r& Zequipment.
, P) P, e' x& R5 @/ S" H1 C9 q! t4 X& S

. U2 S: K, M7 [% tAirlines are flying airplanes with bio-fuel. They are finding the bio-
9 v% z" _7 Q+ R' O" E1 Ufuel is cleaner and performs better than jet fuel. 4 v, \& o2 ~0 ?

. H4 O3 U. J. g. ?$ q
5 P' ~" e0 d" H# Q8. Cities and counties throughout the US are selling the rights to
2 S% ~6 x4 D  {: A; \' Ncapture methane gas from landfills. This is a huge source of gas ! ^$ D; z" i$ ~
available at very little cost or risk. The gas is displacing crude 9 u' D( x- ?+ u, I
oil. 0 [! K0 z0 s) {* v$ j7 o
( k  T3 C8 F5 T. M

! D2 m/ Z/ `9 E9. Coal is being transformed into a clean burning liquid fuel. The CO2 1 i$ \, ?' |9 q
produced as a byproduct is sold to oil companies for injection into
9 y5 c) U1 y; @2 qoil wells.
6 y" f: s- C% v- H" S; V. n% m! X/ ], e9 y- E
: u3 R" @* x  [& D1 t
10. Solar, wind and ocean energy is displacing oil as an energy * d1 N3 I6 A2 ]) p0 |( o* C
source. Three new wind turbines are being erected every day in the US. 4 {% _; \  y5 w8 [/ r
- q6 n! D, C# d/ W
* O" b+ z* ?  P( g
Each of the above by itself will not make a large difference in the
0 W# U' q9 E- z& [3 cprice of crude oil but the sum of all of them together is world
1 M' t/ R" Y% _) `changing. The important thing is that OPEC no longer has the ability 7 k5 m4 e+ h" {3 z
to control oil prices.
3 v/ D- _( j8 X* M. s3 B- w
( k8 e( h( X! f( Q- F- Z
  a( ?  ?2 j& KWith the above scenario, I still believe that there are under
& G1 t, v$ u: t: }performed OIL companies and probably they are yet to get the justified
8 `8 t- j% Y8 k6 u6 A5 T8 ^value .....   E0 h$ R8 C: i4 g( I) B# {3 r
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... , ?+ m" [& N  E

- s, k, [% m  s6 f0 O, D* u6 M: x$ N  @/ ]' O  Z
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
6 }) ~4 b+ z! d/ [* Y2009 ... FYI-Only
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