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Below is an Interesting article I found, which says that.....Do not
2 k' D0 O" W9 b% r0 X4 e& Eexpect much from Crude Oil producers and future is not with the 2 e/ U8 p/ W" `" t* Q8 ?* T
companies producing Jet fuels but Biofuels. Also no wonder if some of
5 S1 P b0 _' e+ B% G% z& e5 ?0 zthese oil producer will go bankrupt or out of the business even if ' t6 a) V3 D, r7 d* O7 O; X- O
crude prices improves. This implies also to good names such as Shell, N' f7 X1 ?+ U" P% y+ `1 y
EXXON, BG, BP, Cheveron ....xyz.. oils
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+ U- H: w) \* n" a8 i/ tRecently OPEC reduced crude oil production twice over just a few , o$ L; F, P, t- \& T
months. There are three wars going on in Gaza, Iraq and Afghandistan.
/ A3 z N6 N, JA year ago these things would have spiked the price of crude oil by at
3 Q8 Q7 Y# r( r1 q5 G, y6 Dleast $50.00 per barrel. Today, oil price declined by a record amount. : d% |9 S( w/ K* B2 H
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There are several reasons the price of oil is decreasing in the face , J. _ {. q3 Q4 K
of so much news. These reasons are: : F2 k0 S7 N) p; g0 @/ Y5 P
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. b( F% W. q- D7 N1. New oil has been found in Canada, Montana, North & South Dakota and , H" ^! }9 M) c3 @( {8 j0 C& R
in the ocean near Brazil. Each of these oil fields has more oil than
, P! D' F8 x T/ z& z+ f' CArabia. ) q9 D( Z: s7 L4 L
. T3 c X' F$ Y* a$ p; y
) Z( Y! @" H3 Z4 o2. New natural gas has been found in Pennsylvania and West Virginia. ' l. T& j4 I# ^5 S
This is the largest find in North America. # ~! E, H9 r1 |1 P2 v( V3 k. K# C
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3. New methods of injecting CO2 and surfactants into oil wells is " A; V. }1 }: ?: z4 z* F4 |
being used to double their output. % R6 l. w( [7 Y# \* w" K
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4. Production of bio-fuels is beginning to reach critical mass. Bio
3 t+ \6 W* y& l9 T& H, ^fuel is being produced from many plants and algae. The production
3 j9 h' a4 H- P( Z7 Xpotential per acre in some cases is astounding. Many countries are m+ k* N" h- ?; `' P
racing to produce bio fuels. ( A* X, Z% M& ~7 S9 O
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5. Virtually every restaurant in the US and all food processing plants + v+ S6 Z5 s8 J4 @" a+ U& p
are now selling their used oil to bio-diesel producers. Every pork, 6 b7 u8 Z, R; p- @8 T6 Z
cattle, turkey and chicken processing plant will soon sell their fat # h+ e' s' F8 o
to bio-diesel producers. One pork processing plant in Oklahoma is ! R0 q' u$ o5 }0 U. w. ]5 s B
producing 30,000 gallons of bio-diesel per day from pork fat.
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: K* j: j& @. v9 y* o6 g7 C) i% N2 h6. There are 99 nuclear reactors in various stages of planning and 2 s& m* Z) g) x6 U6 s* _
construction around the world at this time. Several hundred more are
L3 A% V* v. I6 U5 Kexpected to be built in the future. Much of the energy they produce $ o7 y1 ~9 {4 Q$ `) d8 k
will replace oil.
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" \9 [* o0 X/ P% I( I) k7. Every company in any form of transportaion business is replacing
/ V5 G: O. s! {5 t H# a& Yolder equipment such as trucks, airplanes, train engines, ships, etc.
. H. E2 |: x5 J$ t1 Iwith new more fuel efficient equipment. Airlines and railway companies $ K' W+ M6 C& \
are experiencing 20% to 25% better fuel econony with the new k; z& L+ R, a6 t; z
equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
" H3 Q8 O3 w7 G& afuel is cleaner and performs better than jet fuel.
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. s9 U4 [% T" d6 N8. Cities and counties throughout the US are selling the rights to
/ o/ i& r$ f! w0 Xcapture methane gas from landfills. This is a huge source of gas
' b% ]) I. J/ [- i9 O: o5 Davailable at very little cost or risk. The gas is displacing crude / c2 h3 |% ]3 m U3 N
oil. 8 c5 v1 a( \( w' Q, A; b: t% `
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9. Coal is being transformed into a clean burning liquid fuel. The CO2 * m# L+ e, s2 \! h
produced as a byproduct is sold to oil companies for injection into & }& \3 r1 Z$ a
oil wells. 7 o0 K$ Y1 p2 Q- Q( R0 m3 f
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10. Solar, wind and ocean energy is displacing oil as an energy
/ S: e3 F; F/ m; @* A# l; ~ s7 dsource. Three new wind turbines are being erected every day in the US.
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3 D5 y* Q4 D5 B& m+ v9 ~$ GEach of the above by itself will not make a large difference in the
) q' w x) l- @/ vprice of crude oil but the sum of all of them together is world
: O* {3 M9 N! n. z, r. _changing. The important thing is that OPEC no longer has the ability
% w; s. {6 B& o3 ]% S4 A5 p) bto control oil prices.
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5 k9 v: }- e! X. q7 S( h& UWith the above scenario, I still believe that there are under
: M/ R( G" z7 T' I5 f1 D( u( G) yperformed OIL companies and probably they are yet to get the justified ! B# r7 T' P3 ^) x
value .....
1 B8 l- f8 ^: x; c: k; e2 T! QIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 0 M( b$ z8 X3 e" ^# z) i0 o
7 x2 N3 A- u' E" j% [5 ?% E7 O# @+ v
/ s+ T$ u- }: V: _7 cThe above articles are from WSJ .............PUBLISHED ON 9TH JAN W W$ |2 a8 f
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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