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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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! w% K1 W: S# E( D6 ~Below is an Interesting article I found, which says that.....Do not # i/ x& v/ X8 O" c
expect much from Crude Oil producers and future is not with the ' O7 l" U8 N" w- i8 p2 u0 F, u6 P  j
companies producing Jet fuels but Biofuels. Also no wonder if some of 5 V  y  F1 |" B3 r1 \
these oil producer will go bankrupt or out of the business even if ) ]8 M' q7 i9 g9 a
crude prices improves. This implies also to good names such as Shell,
3 _0 S  M) ^; e# m5 EEXXON, BG, BP, Cheveron ....xyz.. oils 5 m! y) y! G7 }. [- M$ ?( b

' G5 `9 {) y: e1 H8 c6 O) G2 KRecently OPEC reduced crude oil production twice over just a few
/ _2 [! |' `# }! y. s" l) n/ y9 zmonths. There are three wars going on in Gaza, Iraq and Afghandistan. ) N& F9 \0 G' i
A year ago these things would have spiked the price of crude oil by at ; W7 Q! {4 K0 A  v  G, A7 G/ T
least $50.00 per barrel. Today, oil price declined by a record amount. + V8 f1 L3 a& w; J
2 q+ i% e- u; x
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There are several reasons the price of oil is decreasing in the face
# O% b7 v1 Y' `* M" ]8 R8 tof so much news. These reasons are:
% J- d+ I0 t) V; g: G$ v) l4 j+ H
( d) P% e1 Y7 ?& p5 y& S1 |8 J+ O5 h  O* I
1. New oil has been found in Canada, Montana, North & South Dakota and
. `0 ~+ v, j, F3 O' K- @8 b; b# d/ x, @in the ocean near Brazil. Each of these oil fields has more oil than 3 y8 R5 y. o6 q3 h% g  R4 b
Arabia.
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2. New natural gas has been found in Pennsylvania and West Virginia. 7 B9 ]9 n# P- D4 x* j
This is the largest find in North America.
' y) G7 D$ k1 ~( c1 f' m/ i( k+ I' Q. n- B% b3 C: P' `

9 v. J# R0 S5 }7 `9 u3. New methods of injecting CO2 and surfactants into oil wells is
$ i" v" D# }" A3 K+ jbeing used to double their output. : t2 @! F8 m, L* e
& `" Q, Y/ u) h* M
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4. Production of bio-fuels is beginning to reach critical mass. Bio
7 A( e4 \/ q# _' E; x5 Lfuel is being produced from many plants and algae. The production
9 z) L8 {0 x( L$ b5 c& h" D/ epotential per acre in some cases is astounding. Many countries are
/ B6 w6 D. ^5 Z; j9 I  o& {racing to produce bio fuels.
; K9 I7 y8 [) o$ b/ |; u2 Q# g, C9 _
1 S) u5 m9 }0 a3 \* R- F" c
) Y" V$ w2 G0 ]0 ^2 ~& A7 W5. Virtually every restaurant in the US and all food processing plants + @3 p' U% q0 G! j9 s
are now selling their used oil to bio-diesel producers. Every pork,
3 ^2 o& a' M! u# i5 gcattle, turkey and chicken processing plant will soon sell their fat 7 X6 t' M0 q' {2 M1 _
to bio-diesel producers. One pork processing plant in Oklahoma is
0 Q8 E' }) A3 x; U# x4 Nproducing 30,000 gallons of bio-diesel per day from pork fat. / e6 \# Z9 k# @5 r: C
  {* W% W1 w# s5 J
* W4 }: J; z* ~
6. There are 99 nuclear reactors in various stages of planning and
) U5 ]6 D+ i: r5 b/ j0 q0 Kconstruction around the world at this time. Several hundred more are & ^$ r# g; P5 I' U9 G
expected to be built in the future. Much of the energy they produce 0 F; V5 h0 z6 N- Y3 j
will replace oil.
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7. Every company in any form of transportaion business is replacing 2 q* U6 O5 z' H0 S+ A% v, o0 ]  i
older equipment such as trucks, airplanes, train engines, ships, etc.
) H. w8 p# V: r$ @with new more fuel efficient equipment. Airlines and railway companies
' O+ n/ N1 g1 C0 c5 \are experiencing 20% to 25% better fuel econony with the new - H7 ]" ^; G& J* L
equipment.
& L* y' |1 B8 c3 a+ x" B" k# ?
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" c( Z! |( D. @; E$ mAirlines are flying airplanes with bio-fuel. They are finding the bio- * i7 e, d' b. W/ }& P  ]
fuel is cleaner and performs better than jet fuel. ; o; {; p; i: p: b
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8. Cities and counties throughout the US are selling the rights to , v9 X7 T, g9 A9 k
capture methane gas from landfills. This is a huge source of gas
% y9 i8 s% Y' F: I1 I5 a  Lavailable at very little cost or risk. The gas is displacing crude
* y# w) E5 D4 x7 k- |" ^; N+ xoil.
5 [1 I! d: h- H' H/ F' n& n0 E" h2 f# n: O
) b% t2 |6 z. ]
9. Coal is being transformed into a clean burning liquid fuel. The CO2
9 c; o0 E$ l/ x$ t0 x/ xproduced as a byproduct is sold to oil companies for injection into
2 K1 m! U& j  ?oil wells. 2 |, E4 f/ X2 F9 ?

& l% q% }# u" R2 E7 j8 D$ p
* U  x5 W& j( W4 ^( W2 t10. Solar, wind and ocean energy is displacing oil as an energy $ w1 Y7 Q) S2 P  |- y
source. Three new wind turbines are being erected every day in the US. 1 a* Q# B4 l: T% R

# t3 b5 X; d# _2 W! K7 S0 u- D& H5 R
Each of the above by itself will not make a large difference in the $ X. E6 L1 u  e" O$ L2 k
price of crude oil but the sum of all of them together is world 9 U6 n! I( x7 _
changing. The important thing is that OPEC no longer has the ability
: W. F( J5 j2 b, eto control oil prices. 6 [( l8 N0 J) O0 q# Y! s
: }& F8 ~. m7 N6 S2 i
% A9 \  L3 B' X4 O' F
With the above scenario, I still believe that there are under 0 J3 d0 L% B( U
performed OIL companies and probably they are yet to get the justified
4 o7 e. T' ]0 ^value .....
9 f3 H7 p  `# O. {; m& c$ qIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
! A" K  J9 A/ X: @$ q) {; |/ Y9 v& ~# ]/ `& A# m

, [9 p7 ~6 {* \4 `9 m; SThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
8 k+ `1 O1 z1 d: l6 [  a2009 ... FYI-Only
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