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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 4 O  E7 o) \6 D* b$ u: _( ^
expect much from Crude Oil producers and future is not with the
  E! O+ x' m: y" ^% U" ecompanies producing Jet fuels but Biofuels. Also no wonder if some of
- M7 @8 d; S" qthese oil producer will go bankrupt or out of the business even if
2 }- Z9 l2 m5 a  [0 Vcrude prices improves. This implies also to good names such as Shell, ( ^2 x% @( a( ]4 X3 i
EXXON, BG, BP, Cheveron ....xyz.. oils
& \% H* @9 f, D! a/ p8 I( ]; l
" n) y' D6 X# V/ {7 g2 T$ l5 x3 `# ?Recently OPEC reduced crude oil production twice over just a few + f$ N/ Y0 h( b  F
months. There are three wars going on in Gaza, Iraq and Afghandistan. - k- G) T2 A/ ^8 R9 E
A year ago these things would have spiked the price of crude oil by at ' g& \. P* A& @8 \
least $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face 7 E, R. g" a9 B; @- n! T
of so much news. These reasons are: ; c% {+ w1 T5 [

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5 {9 U6 y! O5 z% X5 R7 p1. New oil has been found in Canada, Montana, North & South Dakota and
6 p# N, V  |' v& ain the ocean near Brazil. Each of these oil fields has more oil than
' N2 C  {+ ^2 g* P* L; w5 |# bArabia. ) [( w' N% ]$ D% f: ^
* C. I5 Q7 T' P# ]1 s/ k5 ?1 f% L

0 Y0 X& q2 C% _$ Q2. New natural gas has been found in Pennsylvania and West Virginia.
3 \+ y$ z& J6 gThis is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is
6 ^8 P4 \& M, {# R+ B/ Gbeing used to double their output.
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/ R8 t& F  G% y2 Y! |% D6 A4. Production of bio-fuels is beginning to reach critical mass. Bio : @8 X0 `; s! |" \$ N, W  W
fuel is being produced from many plants and algae. The production
( S5 e; d/ v4 M0 Y2 Wpotential per acre in some cases is astounding. Many countries are
. n- a& i' Q8 x" {' B% X  \# L. wracing to produce bio fuels. 6 a7 d( u( ]3 e

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% g4 s: }- T8 D8 x) Z0 N2 B5. Virtually every restaurant in the US and all food processing plants * ?: X& C8 L; A2 ~  b9 z- [6 V. L+ Z
are now selling their used oil to bio-diesel producers. Every pork,
; s/ M/ g7 `2 B! Fcattle, turkey and chicken processing plant will soon sell their fat
3 z$ a! j' v! _: N  |9 hto bio-diesel producers. One pork processing plant in Oklahoma is + }; O! p) @$ F+ z
producing 30,000 gallons of bio-diesel per day from pork fat.
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6. There are 99 nuclear reactors in various stages of planning and 5 v& K8 @! l' h4 L8 P
construction around the world at this time. Several hundred more are
6 g0 D4 T+ K: @expected to be built in the future. Much of the energy they produce
  I5 S2 Q& Z7 w$ `2 j3 kwill replace oil.
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7. Every company in any form of transportaion business is replacing " V0 t2 ]; k7 \8 M6 o) _+ T" w: V' x9 f
older equipment such as trucks, airplanes, train engines, ships, etc. 7 B  f( V! f: t. m4 _8 J
with new more fuel efficient equipment. Airlines and railway companies / P6 k% e& O9 \& J
are experiencing 20% to 25% better fuel econony with the new ( y- h! }1 t# p4 W' o  i4 Q9 Z
equipment.
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  p* t6 p, ^+ B. c  c* B& G/ y
" \  y7 J/ V- H. P# x; F' QAirlines are flying airplanes with bio-fuel. They are finding the bio- 4 w  W% l7 c) B4 q( V( d* B
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
, ^0 z9 ?( q8 O2 z& hcapture methane gas from landfills. This is a huge source of gas
- Z$ f& i. p. I( R# ~available at very little cost or risk. The gas is displacing crude ( u/ r) V; X) L" K2 m+ ?- A/ ]8 u4 c
oil.
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 5 Q2 K3 \9 ?( S. L
produced as a byproduct is sold to oil companies for injection into
% o7 ~3 }/ U2 Y" m' W9 q# uoil wells.
1 ?8 b( \: o  P6 h1 \
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8 U  m, R* x$ i" V6 D' g4 I1 }10. Solar, wind and ocean energy is displacing oil as an energy : L# H  ]* H9 b' Z
source. Three new wind turbines are being erected every day in the US. ; Z* A( b9 C9 W. n
7 F! H7 O2 S/ ~
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Each of the above by itself will not make a large difference in the 5 H  y3 e5 Y, H% B
price of crude oil but the sum of all of them together is world
5 t1 h7 G0 ^+ W/ ~3 achanging. The important thing is that OPEC no longer has the ability , _4 v# f+ X, u# c% z3 b
to control oil prices. ' e/ D/ l- @' E5 V6 o9 O

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/ T. |  H  r4 W. xWith the above scenario, I still believe that there are under
! F. T+ w3 Q" R( {. jperformed OIL companies and probably they are yet to get the justified
9 F1 n# }3 T* w. u3 }value ..... 1 m6 g$ H% o# Q# y, d2 W
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... : m$ h9 e7 |& x; K$ S. `

. F$ A: l) M, {, X
. i  L) r9 h& @8 q% pThe above articles are from WSJ .............PUBLISHED ON 9TH JAN . p$ B( Y+ b1 F  U& p
2009 ... FYI-Only
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