 鲜花( 0)  鸡蛋( 0)
|
--------------------------------------------------------------------------------
+ x4 w- w2 e5 U% V3 u* ABelow is an Interesting article I found, which says that.....Do not & X8 D2 c7 m% X0 \( d
expect much from Crude Oil producers and future is not with the 1 b$ g5 \: T& p6 F
companies producing Jet fuels but Biofuels. Also no wonder if some of
# n/ d1 F; }7 y0 ]0 Tthese oil producer will go bankrupt or out of the business even if
5 ]2 q; K- h- Ncrude prices improves. This implies also to good names such as Shell,
1 S8 \1 J/ } m+ x4 _, K- \, C" pEXXON, BG, BP, Cheveron ....xyz.. oils 8 K0 K |* v/ P" u
: c. O% d6 p v% u: Q; r }1 s* _Recently OPEC reduced crude oil production twice over just a few
" f0 b$ D7 w0 @months. There are three wars going on in Gaza, Iraq and Afghandistan.
8 }1 c: O7 Y0 d+ ]+ i |# ZA year ago these things would have spiked the price of crude oil by at . L$ j) |6 N; u
least $50.00 per barrel. Today, oil price declined by a record amount. 0 x5 M5 t' V$ u. g# r% e
7 | S, }* n; T/ J: J1 G$ U1 s' g
% o7 @' Q" e0 [There are several reasons the price of oil is decreasing in the face 7 i" Z* l, Q& k9 ^
of so much news. These reasons are: 6 n; K! N) e6 f& N( ^3 Y
* ~8 n2 o+ o# S5 U1 s/ B, O' u* x9 l8 l# k1 i
1. New oil has been found in Canada, Montana, North & South Dakota and 6 D+ Z5 j/ |* b' A
in the ocean near Brazil. Each of these oil fields has more oil than
, a. m# z" |' f# H% F5 j# N1 [, m( yArabia. . Z) a1 c1 g3 ?( y3 C* a; f
8 c$ ]6 i! D9 t8 ~5 q3 M, B B3 n7 a* l
2. New natural gas has been found in Pennsylvania and West Virginia. 5 B/ P# n8 _) g" M) q2 W
This is the largest find in North America. 1 c. X. `! b) f3 ~5 |9 M4 \& v
$ J; W6 ?4 ^" Z
7 U; `4 i. x6 b
3. New methods of injecting CO2 and surfactants into oil wells is
, \' F$ E! \/ Z0 o& {# o& Tbeing used to double their output.
( ^' w; Z2 e6 a' ^# f* j. ^" F; c- y. ]( Y
+ H3 D1 t8 K( ]1 T
4. Production of bio-fuels is beginning to reach critical mass. Bio
6 E( p$ T4 e* C* jfuel is being produced from many plants and algae. The production - Y" r0 g. E. j' k& F' [
potential per acre in some cases is astounding. Many countries are
5 \ u, Y$ u* w5 z4 [! ~$ J0 F$ hracing to produce bio fuels. 0 j( w) i2 }6 z w1 y
! u2 Q2 F5 i# P
) m1 L) x0 m% n
5. Virtually every restaurant in the US and all food processing plants
5 P7 e% F% I9 @6 ^4 tare now selling their used oil to bio-diesel producers. Every pork,
: n0 c+ x3 ]/ ]/ v3 Vcattle, turkey and chicken processing plant will soon sell their fat 4 [, s/ n5 j+ }* ` \
to bio-diesel producers. One pork processing plant in Oklahoma is
8 B0 q& b# K' a* Jproducing 30,000 gallons of bio-diesel per day from pork fat.
& l& C/ K! V: \7 z ]& V- a9 K6 H3 T6 \' [
: K8 O. q. \1 S/ ?+ J s, ?$ @
6. There are 99 nuclear reactors in various stages of planning and / ]6 l1 ]8 F' z$ B" n, e/ _' ]( R
construction around the world at this time. Several hundred more are * A* @( F8 P3 C+ J, }# _2 R
expected to be built in the future. Much of the energy they produce
4 d2 o9 H. A+ a: J* R/ ^# i7 Owill replace oil.
( s2 F7 o/ b% S" I7 b% R% k6 r; ^2 ~& t8 R5 A m6 G+ e+ h
. p& _; f7 v9 a7. Every company in any form of transportaion business is replacing ) r m- u0 Q. B. ~8 D1 @
older equipment such as trucks, airplanes, train engines, ships, etc. 8 r# A( i6 c" u9 _* ~2 ]( ?+ ~
with new more fuel efficient equipment. Airlines and railway companies
6 C$ e2 R3 S yare experiencing 20% to 25% better fuel econony with the new
% W, k* i8 C! |0 W4 F9 H' {1 A' Pequipment.
/ L/ `# c; f* D- u) R/ P, M" K& [( s3 D. e
m( z/ j" E5 G- bAirlines are flying airplanes with bio-fuel. They are finding the bio- 8 C8 I, _9 V- w8 _, g" J9 j s
fuel is cleaner and performs better than jet fuel. 2 J8 e( z, G3 k6 E) `6 C
$ `# {# B$ x g3 l: ]
1 H) F* J8 ]. u$ [2 f8 u' H8. Cities and counties throughout the US are selling the rights to
" p6 }2 t( ?' mcapture methane gas from landfills. This is a huge source of gas ) w' W2 O7 [# w2 F4 h5 V) ? l$ O
available at very little cost or risk. The gas is displacing crude ! ^" W- R: _; a: ^/ q: {
oil.
0 }# J1 I8 e4 Z. b, A6 V; o' O8 ~/ i5 n$ M. O1 {/ j
% c# |. _: b/ _. F9. Coal is being transformed into a clean burning liquid fuel. The CO2 0 ` q8 V2 ]* h8 n2 Q
produced as a byproduct is sold to oil companies for injection into + V1 u+ H/ f# ~- y$ H
oil wells.
! Q6 d: Z8 |: ~5 M) D4 t
( ]5 G: \0 [- I9 {. ?
+ s9 D9 M ? s6 Q# z5 ], Z: d. \& H10. Solar, wind and ocean energy is displacing oil as an energy
; U0 Y+ W% ^8 osource. Three new wind turbines are being erected every day in the US. ! E) V0 @# O1 z3 r& l/ h0 k
: @ K% C: w1 }" u; z r3 l% l8 W
8 p/ l) [# j, A* K* K+ aEach of the above by itself will not make a large difference in the 3 z; _* l/ B3 g9 r& b2 ^: I
price of crude oil but the sum of all of them together is world * C. ^7 w% U& P2 O
changing. The important thing is that OPEC no longer has the ability 3 b/ z4 t3 Y4 l! k& Q7 Y7 D- B
to control oil prices. ) o2 c* p H2 G; L. Q$ U# p' ]
. Z2 |" z/ V" m- O: X. D7 R/ c
4 F' w3 E6 g, P& s* f. t! h
With the above scenario, I still believe that there are under
/ g7 _+ }6 ~& J- sperformed OIL companies and probably they are yet to get the justified / L# Y% ^3 R$ L# _
value .....
# Z9 P: B5 y' ]9 I0 IIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
B+ f+ S* O- T) K z
3 ` c( o5 e! {2 k0 i3 e9 x+ m( W5 {6 f
The above articles are from WSJ .............PUBLISHED ON 9TH JAN , Q2 S7 a8 M0 y3 r" V1 }7 b4 C$ d
2009 ... FYI-Only |
|