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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
/ f8 F0 c, t" N' g% yexpect much from Crude Oil producers and future is not with the 5 T/ L1 d: S  D7 h
companies producing Jet fuels but Biofuels. Also no wonder if some of
1 i4 D. \4 j+ u; S# ]/ }8 jthese oil producer will go bankrupt or out of the business even if ; H( O" Y2 T  a; X& G
crude prices improves. This implies also to good names such as Shell,
$ m4 e4 u9 A! @- QEXXON, BG, BP, Cheveron ....xyz.. oils : K- I8 T% c$ z7 S; ^  Q5 q8 k; S. H
, H. _; J) i! o3 M+ j
Recently OPEC reduced crude oil production twice over just a few 2 L( D0 v" N# k" e
months. There are three wars going on in Gaza, Iraq and Afghandistan.
3 d* w7 C- f! F& P- \3 ^# l; G1 }; vA year ago these things would have spiked the price of crude oil by at % P& u" y$ D% u' [
least $50.00 per barrel. Today, oil price declined by a record amount. ' ~; }3 [9 h: S; W& O
* r+ h5 u" R0 F; `% P) C

2 o- @3 B: @" L  f$ a, uThere are several reasons the price of oil is decreasing in the face 6 H% `4 I. j7 g; D
of so much news. These reasons are: 5 f/ x: _, m+ ]2 @
2 r2 i4 G& U0 \8 P  O, @" O
' Y: P( T7 b- n, [) J( U
1. New oil has been found in Canada, Montana, North & South Dakota and
1 _- k" G+ l# N; `/ O; ain the ocean near Brazil. Each of these oil fields has more oil than
3 r5 r$ y& A+ W. Q2 }Arabia. 1 `3 \8 r* V3 j+ [, j' I
( v( |* m% P* z8 W7 L) Y+ ?- q
4 ]& A" E- @: K0 o# @9 c; {/ b2 |
2. New natural gas has been found in Pennsylvania and West Virginia. + \4 l9 w: X: ?  L0 J( l6 d
This is the largest find in North America.
+ W: E8 U1 {# a6 ^  t/ J9 ]; }) h

/ \0 p5 `. G" {3. New methods of injecting CO2 and surfactants into oil wells is / g# ~9 ^- Y9 U0 a' a, I
being used to double their output. 9 D0 S( |; a9 F- ^4 v
3 i/ B/ n# d% T* o: a- Q

1 Y' f* L5 @+ u; Y  Y9 ?8 O4. Production of bio-fuels is beginning to reach critical mass. Bio # G3 {2 U! ?) d$ Q5 S8 u+ {7 @* g
fuel is being produced from many plants and algae. The production
+ H' Z$ f; C0 t; ^/ V9 |6 npotential per acre in some cases is astounding. Many countries are   V! Z# q" ^6 m( I6 f- w
racing to produce bio fuels. / R: N1 |: q+ L" r
8 _( _  \; i  x

2 B& P: ?/ c! b0 e5. Virtually every restaurant in the US and all food processing plants
1 M9 ~& [* S6 k! yare now selling their used oil to bio-diesel producers. Every pork,
; m" T* @# A7 q- m1 Bcattle, turkey and chicken processing plant will soon sell their fat
" g; M) C) j+ Ato bio-diesel producers. One pork processing plant in Oklahoma is
/ B! Y: L* `; U3 H: cproducing 30,000 gallons of bio-diesel per day from pork fat.
4 z) `" S- Z0 Q3 E
% I6 m+ @0 \/ E# w8 L$ Z& X5 v- \8 \3 G! O* K, x4 v5 ~6 X/ O
6. There are 99 nuclear reactors in various stages of planning and 0 V& H. h; q" b; N+ x
construction around the world at this time. Several hundred more are
$ W% v' ?8 ~0 c) ]4 g) m) Xexpected to be built in the future. Much of the energy they produce - N7 o, M' ]" u
will replace oil.
" R1 T3 H! H" d9 D. G" s# c; ]5 D1 Q9 M& c6 e

( j, w$ {2 p. `/ r6 p$ G4 `7. Every company in any form of transportaion business is replacing
' Z0 R4 S) h, Eolder equipment such as trucks, airplanes, train engines, ships, etc.
3 P" ]! Q* r1 p. k, [with new more fuel efficient equipment. Airlines and railway companies 3 u! O, l# y3 g1 t3 _
are experiencing 20% to 25% better fuel econony with the new
/ Y& J5 v  g# n% v! yequipment. 8 _) L% l( }, }9 \
! B. d7 w5 B; D- k: z
' C9 L3 Y2 j. _( i' M1 C, _  _
Airlines are flying airplanes with bio-fuel. They are finding the bio-
4 u4 [' z' X' L! f9 s6 m6 y  Wfuel is cleaner and performs better than jet fuel.
8 I3 X9 B( E( @! W0 E) o
4 x; T  S& m2 o+ m, U9 B) y  r$ \( V$ y3 M# m
8. Cities and counties throughout the US are selling the rights to ) `/ Q5 `% {; f: N" \
capture methane gas from landfills. This is a huge source of gas
* h0 W" i% _. F' C" ~+ g; cavailable at very little cost or risk. The gas is displacing crude - O1 _' E/ `* k$ b
oil.
/ K4 u- {9 p/ `# }0 F; v
  B- d5 W- h, X' C# Y+ i2 `; c. {7 Q
% m- l* [. ~; o: f& M& J) ~9. Coal is being transformed into a clean burning liquid fuel. The CO2
; g9 e) b. f2 {: h  K9 [7 xproduced as a byproduct is sold to oil companies for injection into
0 o8 ]+ A9 [3 P6 H- h$ R7 \: p, Roil wells.
! ]! H% M$ ]) l5 b( @( Y8 R* l, t5 l7 t! [! d* ?- Y

1 L" B8 _) y* t10. Solar, wind and ocean energy is displacing oil as an energy & V; c% g* i' H+ o$ g2 X( I5 w
source. Three new wind turbines are being erected every day in the US. : E3 i( f) g) q/ d* o+ K( p

4 n) e  }; m. t' e" k# M  G, e3 H: l; D/ `% h) K, ~* F
Each of the above by itself will not make a large difference in the
7 y# q( {, X( Z1 r, Tprice of crude oil but the sum of all of them together is world
8 P7 V& y  W5 o* n! W* schanging. The important thing is that OPEC no longer has the ability 5 P* j* X+ E6 O, Q7 X- @
to control oil prices.
& x5 T, k( x7 Z8 A* j5 {  d( f* n0 g) w/ Z

3 e( e- j) `+ Y$ M  j- x, \" ~( o; o( QWith the above scenario, I still believe that there are under
3 V" d1 T3 l4 f% b; I9 lperformed OIL companies and probably they are yet to get the justified
& e4 j* g; q: F" Q+ K( o. X6 ?value .....
, n; k. D; X& H7 cIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
' X) e" H, J. f$ K: c7 H; g+ \* C5 f! G/ ^. S

# }& V7 h$ w; yThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
/ k& R' k5 n% Q2009 ... FYI-Only
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