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4 _- [( `6 o8 Y) Y; H; {- @Below is an Interesting article I found, which says that.....Do not # z. R5 d9 ^8 j6 h% @2 o' P
expect much from Crude Oil producers and future is not with the g% h) b% y8 O% |
companies producing Jet fuels but Biofuels. Also no wonder if some of
' W9 t" Y9 _, Q7 e3 Q/ \" C" ithese oil producer will go bankrupt or out of the business even if
A5 a, U$ x* ]/ V3 }6 ~9 ?8 n+ Vcrude prices improves. This implies also to good names such as Shell, / z" B6 D9 O5 y
EXXON, BG, BP, Cheveron ....xyz.. oils
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" a6 S. U8 D2 z6 |# g$ nRecently OPEC reduced crude oil production twice over just a few - V1 w* Q# ]% G% [- Z$ y" n7 X% I
months. There are three wars going on in Gaza, Iraq and Afghandistan.
& e0 M& N$ Z! c2 `# ^# j0 CA year ago these things would have spiked the price of crude oil by at
% T k2 _/ x5 _: D' {0 ]least $50.00 per barrel. Today, oil price declined by a record amount. 7 @" S. m# M% W) [3 g8 Q( `
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There are several reasons the price of oil is decreasing in the face & l: a3 i+ u4 A" Y) k
of so much news. These reasons are:
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7 j5 x$ c; B$ g& Q% s; E+ T1. New oil has been found in Canada, Montana, North & South Dakota and 4 b; ^5 h, i/ J
in the ocean near Brazil. Each of these oil fields has more oil than & x. C4 P$ _3 m( i1 Z- e6 O
Arabia. " [9 S* J* a7 D! j! S+ h5 M
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2. New natural gas has been found in Pennsylvania and West Virginia.
/ [6 u8 Q+ q" T, _7 @1 eThis is the largest find in North America.
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+ M& K/ [2 l6 ?4 L3. New methods of injecting CO2 and surfactants into oil wells is
8 @! c' Y( @4 A m& ]being used to double their output.
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" Z/ h" i. x; M4 ?: W2 s, D N* W4. Production of bio-fuels is beginning to reach critical mass. Bio , Q7 ~1 a# {, I( B
fuel is being produced from many plants and algae. The production
0 u9 B9 _. e- U* e( A! m% \+ apotential per acre in some cases is astounding. Many countries are
0 }$ G6 q* T8 I8 W4 _racing to produce bio fuels. 2 U* r3 Q/ \- l9 G6 F+ g* h' w4 Z
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5. Virtually every restaurant in the US and all food processing plants 9 M8 S# T# \6 A' b3 V
are now selling their used oil to bio-diesel producers. Every pork, # [& m# ^9 ~& H Q+ t* w. ]
cattle, turkey and chicken processing plant will soon sell their fat
) d4 A5 f- E9 b5 N0 ^6 x, O: `to bio-diesel producers. One pork processing plant in Oklahoma is
1 `6 M7 B4 I2 R- v' iproducing 30,000 gallons of bio-diesel per day from pork fat. ' M6 s, ]) c1 j# s
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r, \; ^9 g B6. There are 99 nuclear reactors in various stages of planning and ) r" o: E) \1 D, F, M. \
construction around the world at this time. Several hundred more are
# P, a% }1 X4 V Y1 [+ mexpected to be built in the future. Much of the energy they produce % w8 K/ e* k0 R2 z
will replace oil.
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/ A- Q6 |1 Q5 q* Q" x& F/ S/ g7. Every company in any form of transportaion business is replacing 2 v) ]9 C9 T% q0 ^( j: A6 u; A
older equipment such as trucks, airplanes, train engines, ships, etc. 0 j2 U) Y4 Y( A9 b
with new more fuel efficient equipment. Airlines and railway companies
1 |( u9 a3 U0 D8 t5 O. d; i4 f4 H8 T5 Jare experiencing 20% to 25% better fuel econony with the new
2 f2 s. Y3 L f5 Iequipment. & R2 A! b# n% y# D" P- N
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& e" S( L: o7 t. J4 u9 AAirlines are flying airplanes with bio-fuel. They are finding the bio- # \. \1 I) Q6 b) f) J
fuel is cleaner and performs better than jet fuel. : h" O3 ]! A6 h& }- G& Y/ \; _
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8. Cities and counties throughout the US are selling the rights to
. o6 p) a, m2 F+ F4 M4 A6 i1 ^" X$ Icapture methane gas from landfills. This is a huge source of gas % f2 N7 x3 Y/ ~. u! {0 }* q E
available at very little cost or risk. The gas is displacing crude
8 P( j9 s& s+ U1 S5 Aoil. e+ O2 B9 ?; R- c6 S1 X
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 9 m. l+ j' s0 v/ P L
produced as a byproduct is sold to oil companies for injection into & A: z3 E- x# {4 S8 ]! U9 q' E
oil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy . P* E! a8 H" S+ b; a
source. Three new wind turbines are being erected every day in the US. $ A( e8 m( I/ t
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7 h* A4 o$ `* P; x& Z; EEach of the above by itself will not make a large difference in the 7 k+ s; o. A! T) Q5 S
price of crude oil but the sum of all of them together is world
, e" \6 l9 ^+ nchanging. The important thing is that OPEC no longer has the ability
- S2 f5 E. d5 m" H& ^! |to control oil prices.
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With the above scenario, I still believe that there are under
1 b, Q6 ?' G1 I' d0 L- d: c' Kperformed OIL companies and probably they are yet to get the justified a( r" ^5 c% S4 z$ D7 z
value .....
6 G" M' t. h, ~/ i! DIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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, w- W6 E, I+ P, J: S) o- J9 rThe above articles are from WSJ .............PUBLISHED ON 9TH JAN ' a# T! o0 x1 c' o1 x# D
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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