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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
. D" `$ {; q; Z4 |* qexpect much from Crude Oil producers and future is not with the % y* S; K$ X" X6 l2 R+ {
companies producing Jet fuels but Biofuels. Also no wonder if some of / \8 [% [* _- f8 ?# g
these oil producer will go bankrupt or out of the business even if ( q$ L2 G3 _6 ^. J4 x- p$ s1 j* k
crude prices improves. This implies also to good names such as Shell, & @8 {* H4 a. l8 L! d
EXXON, BG, BP, Cheveron ....xyz.. oils 4 S+ [0 x. k( s) |. b: O

/ j4 {) A% T4 n. J; O9 P( D" @0 t* ?Recently OPEC reduced crude oil production twice over just a few 5 L" o& m1 b! X# ?% \
months. There are three wars going on in Gaza, Iraq and Afghandistan.
/ Z8 `, Z5 Y0 J- r  B# d' KA year ago these things would have spiked the price of crude oil by at
9 j+ ~3 S7 j4 I. A; ~7 k# Y: Nleast $50.00 per barrel. Today, oil price declined by a record amount. # ]  e* P+ k& l" s  O0 ?) x5 K0 v

" M" P) I1 `1 C( D: X0 W  K9 q$ @
# c; q5 n) v" MThere are several reasons the price of oil is decreasing in the face ) P, ~( W- N9 |: {" `
of so much news. These reasons are:
: y- ^0 ^; `3 }) {# M9 H, Z6 Y  c2 Y+ {0 c! O
* e0 J! b3 D$ B. E* ]( d# s
1. New oil has been found in Canada, Montana, North & South Dakota and 0 `, [* q' @+ c6 C/ y6 S% m
in the ocean near Brazil. Each of these oil fields has more oil than , u7 o# X1 |( a; m, `, U
Arabia.
1 D2 v! `- e: j$ |9 O* q; h" H' I" R2 }
2 G+ v4 b9 c  y( |4 A, P# w; L
2. New natural gas has been found in Pennsylvania and West Virginia.
* O- V3 A$ g2 Q6 ?  a; A/ `This is the largest find in North America.
9 d' Z9 a4 @; e7 V) }/ r/ V, S# S+ _# J2 k8 p( p
) Q2 w7 T8 l$ F9 \& ^! x
3. New methods of injecting CO2 and surfactants into oil wells is
3 F7 k! t( Y! |$ ^being used to double their output. : S. t3 R/ f5 O9 a) L
* A+ _2 `/ R& s" ]" c/ Y' x8 ~
( L& R8 [4 u" K. ?. Q
4. Production of bio-fuels is beginning to reach critical mass. Bio 1 Y' @' k$ U; C$ G3 y- `' B
fuel is being produced from many plants and algae. The production 3 L4 t) ?6 b0 v- [5 d
potential per acre in some cases is astounding. Many countries are
9 ~3 A) M2 D' C  _racing to produce bio fuels. ) ^% Q+ R  T1 P/ B

9 s! Z8 W3 \1 \. Q
' P7 m9 Z! E  m) s- q+ O2 U/ \5. Virtually every restaurant in the US and all food processing plants ) G; `0 E, M( v
are now selling their used oil to bio-diesel producers. Every pork,
, t( P! B# |0 G7 g7 H  H- _cattle, turkey and chicken processing plant will soon sell their fat 7 M; c! k, Q# d, W  B# @4 ]* t5 r' |
to bio-diesel producers. One pork processing plant in Oklahoma is ( b, B8 w6 w# f# |" V# h6 r0 Y
producing 30,000 gallons of bio-diesel per day from pork fat. 0 D/ @, t1 N8 I. p# n$ v. g% K

! l3 ~4 l2 X  t0 F/ {" g
' b% X& r. \1 Z3 Z0 b# Z6. There are 99 nuclear reactors in various stages of planning and
! o: X: n0 l& H7 Vconstruction around the world at this time. Several hundred more are
8 |4 y4 W+ i/ A7 Eexpected to be built in the future. Much of the energy they produce 5 \: k( Y% R" ]. A8 L
will replace oil. 3 P. ^$ f6 j, x& u  `

1 h  X2 C1 t3 y% e! z
9 }; G% B. R8 e( U# e+ A4 l  Q7. Every company in any form of transportaion business is replacing
/ {% q! R" C% v+ ]) Aolder equipment such as trucks, airplanes, train engines, ships, etc. + y% u' ?2 {4 f# P/ v, ?* E
with new more fuel efficient equipment. Airlines and railway companies
  ^5 o9 z8 {! l+ `2 Yare experiencing 20% to 25% better fuel econony with the new
) G/ J' \1 ?3 \( bequipment. ( W3 q7 a9 @" e% J5 [$ n
/ Z4 p. T% F6 [% S3 b4 [

# x; U* Y- k( wAirlines are flying airplanes with bio-fuel. They are finding the bio- 3 `* u: q9 E$ I' g
fuel is cleaner and performs better than jet fuel. 0 |  ^, g% [1 l4 h- R  h" E- @% x( p

* n3 G6 \0 d5 H% o5 d' |1 g/ a* r+ c' f5 D+ b) U! F
8. Cities and counties throughout the US are selling the rights to 4 \. f) @9 K& L6 {. {
capture methane gas from landfills. This is a huge source of gas / m' ~6 A% l! i' O
available at very little cost or risk. The gas is displacing crude
! B0 ~/ h3 D, Roil.
& T. I3 H3 z2 r9 Z5 c% `
0 c1 g8 X9 q6 i3 g1 p2 v  M  q
  u% g% z& S: I! n: z% p3 c- S9 K9. Coal is being transformed into a clean burning liquid fuel. The CO2
  T0 i: @& i! ~+ v9 yproduced as a byproduct is sold to oil companies for injection into 2 {7 O, C. \9 M" @, B
oil wells. 3 Z% p, ~0 e. r) O

% y2 V$ L% Z  |( }2 M8 b- V  e4 \( Q
10. Solar, wind and ocean energy is displacing oil as an energy
8 s. v1 ^$ w) I+ }) rsource. Three new wind turbines are being erected every day in the US. 4 m9 l& f7 J, i8 B

. ^0 M$ O- Q, U; E7 N3 G
* l. K, ?3 H  {, f8 M. `Each of the above by itself will not make a large difference in the
# w4 B- k5 t3 s' y& g5 E# pprice of crude oil but the sum of all of them together is world
$ r, X' N2 ~( ]' z  Nchanging. The important thing is that OPEC no longer has the ability
; E! x4 @; H/ W$ B4 J# Sto control oil prices.
! G7 E: N, w1 k+ t; }2 R! k) |
0 o/ a+ C( c) H( L  k- V  [( D  a6 x+ x' C2 A. K/ D% }& G8 S2 u
With the above scenario, I still believe that there are under * D+ A+ w8 T3 V6 W
performed OIL companies and probably they are yet to get the justified
$ S& l8 e5 u3 b4 j  Lvalue .....
  y3 l  z) @3 `' l: j, VIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
4 ^" Z6 d% p& U, U
, A. U' z' x" F' n$ [
/ C! ]0 S0 x* Z2 G  |2 C9 l. RThe above articles are from WSJ .............PUBLISHED ON 9TH JAN
7 y% O% ~) S  ?2009 ... FYI-Only
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