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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
2 }/ T5 O# I( b* kexpect much from Crude Oil producers and future is not with the
& o: C5 I* x5 k( [0 ]companies producing Jet fuels but Biofuels. Also no wonder if some of % P( F6 F% {) n4 F6 j
these oil producer will go bankrupt or out of the business even if
9 R, p8 r' |/ v. W- R9 r4 @crude prices improves. This implies also to good names such as Shell, 8 B$ S0 X) o1 ]- a; c
EXXON, BG, BP, Cheveron ....xyz.. oils
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, G$ J& D( M& U+ Q2 _Recently OPEC reduced crude oil production twice over just a few ; F: K1 n9 V; w1 O
months. There are three wars going on in Gaza, Iraq and Afghandistan.
5 S2 L0 t% w, A( c2 f( aA year ago these things would have spiked the price of crude oil by at 3 T: R7 t. R% i3 L, p- T. K
least $50.00 per barrel. Today, oil price declined by a record amount. " b3 `  L# C5 S/ e: ^  \8 @

9 r( N& E% q! k' h+ s+ d8 v! m0 q5 u4 t% ~* l# G( ?
There are several reasons the price of oil is decreasing in the face " t: q  Z7 d4 }, S  C5 C% M
of so much news. These reasons are: : |* {5 s+ ], A( {5 G

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) V. f7 P3 ?, D1 q+ a1. New oil has been found in Canada, Montana, North & South Dakota and * C5 }/ Q. C- @$ a' o% z
in the ocean near Brazil. Each of these oil fields has more oil than
& E( B3 Q, J7 U4 y( g" ?/ gArabia.
6 R: X" j6 P0 @- [
9 S7 B, O$ `! F" s: B6 f+ H$ B, o7 p9 \+ f4 {
2. New natural gas has been found in Pennsylvania and West Virginia. ( Y. ]0 B! w1 V2 S# G
This is the largest find in North America.
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( K8 d1 m; O6 ?9 R  O1 N/ }3. New methods of injecting CO2 and surfactants into oil wells is * o0 O9 h& {, O4 I- @! S; T
being used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio , v5 @, V8 U- f- m: s* @
fuel is being produced from many plants and algae. The production
# Z5 }$ X; F& r# L  F6 a& ppotential per acre in some cases is astounding. Many countries are
- \3 p& v4 }6 N' Q2 {9 ^+ w' dracing to produce bio fuels. , W' [5 c8 y4 Q5 E! ?# j9 k
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5. Virtually every restaurant in the US and all food processing plants 9 E' X$ P$ H) q' O2 d. M9 C
are now selling their used oil to bio-diesel producers. Every pork,
# ]6 I9 }9 v  d2 m# G2 {, F& wcattle, turkey and chicken processing plant will soon sell their fat
$ e  S' @; S, H) [+ E3 Q$ _to bio-diesel producers. One pork processing plant in Oklahoma is
- `( k& y- R2 O7 }producing 30,000 gallons of bio-diesel per day from pork fat. 4 q6 |8 i3 H* d; R! q8 U

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, H4 M1 ]' X+ m9 ?3 m6. There are 99 nuclear reactors in various stages of planning and
# M9 B+ C0 N7 f$ x7 [construction around the world at this time. Several hundred more are % f: s+ ]) |+ }0 k
expected to be built in the future. Much of the energy they produce
2 ~) O$ a5 v7 s7 s+ fwill replace oil.
9 w9 h5 q- s& E" p0 ~. o! V: T' C, b3 ^3 K

: v# C8 }8 j8 m: k+ d" w) K7. Every company in any form of transportaion business is replacing 3 Y2 N: L# K5 k
older equipment such as trucks, airplanes, train engines, ships, etc.
. R+ I4 M4 }0 x, T, d9 C% Wwith new more fuel efficient equipment. Airlines and railway companies   J: h& O; ~) n' \! S& R
are experiencing 20% to 25% better fuel econony with the new
6 V3 L, K- h* iequipment. 5 W: p& N7 p' G! ^
2 C/ q6 m5 L# q( p. A) q

3 H  P& T- f: x/ O# VAirlines are flying airplanes with bio-fuel. They are finding the bio- 6 C$ k' m  y+ I9 H
fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
% s. i! r3 O4 o- Ucapture methane gas from landfills. This is a huge source of gas
4 x1 E+ F+ W7 w$ ]# |8 |# havailable at very little cost or risk. The gas is displacing crude
3 \" f. o$ U3 h- Poil. . \  Z; z# {# ?% {1 ~

& z+ V- `3 {. ]% @) U; k: Z7 b! s$ V
9. Coal is being transformed into a clean burning liquid fuel. The CO2
5 @( Y3 b% n; G* ?produced as a byproduct is sold to oil companies for injection into
. q- o( L# N, p6 Goil wells.
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, U% |- G, K3 l! S) R10. Solar, wind and ocean energy is displacing oil as an energy 1 |$ s% ~# T! C3 f
source. Three new wind turbines are being erected every day in the US.
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9 H: n! B# X( @$ h1 o  K. ]$ f- t5 q/ F4 b- f) k/ l+ e
Each of the above by itself will not make a large difference in the
- Q/ c9 G% K. |2 B& D6 Aprice of crude oil but the sum of all of them together is world ; X- S9 {. x2 V- g2 W: \
changing. The important thing is that OPEC no longer has the ability " D8 j: d1 m) F0 a1 x
to control oil prices. 6 r' D4 ]) q) v2 V+ I+ o- M
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With the above scenario, I still believe that there are under
5 r9 s* M, j: L) hperformed OIL companies and probably they are yet to get the justified
8 y+ z! ?6 ]" u' K& rvalue .....
# S" L' z9 o8 xIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ! i1 |% D: `0 Z/ m$ H

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The above articles are from WSJ .............PUBLISHED ON 9TH JAN
; M* C/ d  X% ]" u2009 ... FYI-Only
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