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Below is an Interesting article I found, which says that.....Do not
& E" U7 v( ~- Z, M7 |" ~, |- Jexpect much from Crude Oil producers and future is not with the
2 j7 s" s0 M0 B9 z4 x, D5 |companies producing Jet fuels but Biofuels. Also no wonder if some of 7 N: d! L3 f- _! N
these oil producer will go bankrupt or out of the business even if
5 u9 u' }4 ~! P. Hcrude prices improves. This implies also to good names such as Shell,
" T" o0 I* |6 WEXXON, BG, BP, Cheveron ....xyz.. oils ; s4 Q* E7 D! g
: V8 l) @' \$ a- `. w' ~: {+ ]
Recently OPEC reduced crude oil production twice over just a few # _% x" _& d8 t F
months. There are three wars going on in Gaza, Iraq and Afghandistan. 5 \4 K' x8 V4 g0 `$ k* X8 h
A year ago these things would have spiked the price of crude oil by at
+ \* o$ h" [& y+ K Mleast $50.00 per barrel. Today, oil price declined by a record amount.
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- X# \" f: o/ L. c- b9 NThere are several reasons the price of oil is decreasing in the face
* P$ j; n+ a8 w/ K7 G2 b6 e% `of so much news. These reasons are: 1 M# H% b! J* n; `2 M: x
; a J3 x. h3 t9 V+ C
+ }1 V7 N# | S* X
1. New oil has been found in Canada, Montana, North & South Dakota and
' t2 h( @. ~# U# P/ @8 ein the ocean near Brazil. Each of these oil fields has more oil than
5 k% P$ m, ~* }3 i- E" JArabia. . l: [3 I! f3 ?8 b2 a
% J: ?3 M7 W* j2 b9 O' a8 p- [ v! t3 w2 S+ G; A" Q! v
2. New natural gas has been found in Pennsylvania and West Virginia. , w \$ q( Y' \9 T8 F
This is the largest find in North America. % X4 x' P' j+ z e8 U0 W, F2 N& Q) k
" J% d1 I) Z7 {( R' [
# K" ]$ ~0 B1 E4 E# X! {3. New methods of injecting CO2 and surfactants into oil wells is & B ~6 ~* I6 _) `1 Z2 w
being used to double their output. ) r: C3 y, _* p4 W$ ?3 `
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4. Production of bio-fuels is beginning to reach critical mass. Bio , b" A& p9 }1 V
fuel is being produced from many plants and algae. The production $ y' N6 L3 u$ G! h
potential per acre in some cases is astounding. Many countries are
0 k" O! x8 D! [: ?$ h7 {9 P+ ~racing to produce bio fuels. + U) {# l" a2 @( s8 [8 f( \
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5. Virtually every restaurant in the US and all food processing plants
* ?: u4 Q+ z, O' L% |, Pare now selling their used oil to bio-diesel producers. Every pork,
& E2 Y$ ~% q& B: s0 A: G" T" o1 mcattle, turkey and chicken processing plant will soon sell their fat ; U6 s0 K9 a1 q0 U8 k
to bio-diesel producers. One pork processing plant in Oklahoma is 3 [' ^7 `" [& G* k$ M
producing 30,000 gallons of bio-diesel per day from pork fat.
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9 u O' p0 x. H- n, `( ?/ E2 W0 e6. There are 99 nuclear reactors in various stages of planning and 1 U# d, |( O) ]* S( c: ]
construction around the world at this time. Several hundred more are 6 t9 j5 G$ e4 P( Q" n& J
expected to be built in the future. Much of the energy they produce & b3 }; B8 I: n1 P n! X8 a
will replace oil.
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" B" C; v1 h, X& h# ?3 ?
7. Every company in any form of transportaion business is replacing
$ [0 ? t9 h: O% Tolder equipment such as trucks, airplanes, train engines, ships, etc.
$ L# i( m8 x2 e Q" _" V/ iwith new more fuel efficient equipment. Airlines and railway companies
9 Z. a' d, i) }5 `- oare experiencing 20% to 25% better fuel econony with the new
, o( u$ n9 h q3 d% U4 W8 ~8 ?equipment. % }% G7 f( p9 l9 \
# G7 W, |" ]8 q+ N" ?6 ] s6 U" _! H) L! V" G
Airlines are flying airplanes with bio-fuel. They are finding the bio-
0 v( V9 C: D! A1 w" X- X; yfuel is cleaner and performs better than jet fuel. ' J7 `" ?) i8 g! z' @6 S
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8. Cities and counties throughout the US are selling the rights to
2 l2 L7 S3 G% i0 @capture methane gas from landfills. This is a huge source of gas 2 Z& E% _" V: k5 z6 ?) y
available at very little cost or risk. The gas is displacing crude 1 b0 H. v* E- b. V3 \- B* I8 Q1 n5 Y
oil. # |# }" |5 A3 a$ i' o! c8 Z
2 s% Z! v6 z$ c& @3 v0 m3 f; g/ R- p$ p1 W v+ d3 }2 ^
9. Coal is being transformed into a clean burning liquid fuel. The CO2
1 s7 K' I# [* l* Kproduced as a byproduct is sold to oil companies for injection into
. Q; \1 B6 l4 ]/ t! f% J7 h! w$ [5 hoil wells. : W% @2 u- Y& \; E- G' X6 f
( H9 a9 Y* x0 D3 [ V% j# g# z% x8 _/ C) E
10. Solar, wind and ocean energy is displacing oil as an energy
4 q+ |* t2 z Z: L5 ssource. Three new wind turbines are being erected every day in the US.
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9 [7 [9 Z6 k. k2 SEach of the above by itself will not make a large difference in the
+ n1 {' {: Y' h K2 ]( vprice of crude oil but the sum of all of them together is world ' L5 ^3 F; ~7 e% P
changing. The important thing is that OPEC no longer has the ability + Q3 V+ ]) n" h, C; x
to control oil prices. 6 I3 r4 Z; z: r G7 y1 l
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$ q8 E+ v3 O% \) |With the above scenario, I still believe that there are under
3 @6 N/ N) U3 _& D |) R9 Xperformed OIL companies and probably they are yet to get the justified % e8 l& I2 M' i2 N9 G
value .....
2 c E/ J4 }( x! y4 Q, S' TIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... 2 R, Z+ }6 U7 s4 P9 d( g4 u
7 `& s9 w' `$ T; c) U* K$ x E5 p; X; u( D& `
The above articles are from WSJ .............PUBLISHED ON 9TH JAN
% s% D* p" T9 S1 N$ ` z9 a) r; j2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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