RE: chart mappingNo NEWS = BAD news
I don't think so. There is movement in the US that has caught
quite a bit of attention. It is concerned with "Peak Oil". You will start hearing that phrase more and more over the next few years.
"I must caution you that OPEC is only one factor that impacts oil prices and that higher crude oil production does not guarantee that there is more gasoline available for US consumers."
- Saudi Arabian Minister of Petroleum and Mineral Resources Ali al-Naimi in Oil&Gas 2004 May 3
"Next Big Thing: Peak oil" -- Bob Williams in Oil & Gas Journal April 19, 2004
https://www.fromthewilderness.com/free/ww3/061203_simmons.html
Most public companies focus on North American and European markets to expand their revenue streams and when they have nearly exhausted all options in those markets they start issuing fluffy news releases about how they are going to start working the developing countries like India and China for more sales.
The interesting thing about WPT is that it IS the exact opposite. The benefits of switching to natural gas will increase very dramatically in the near future not because of air pollution or cost as everyone thinks but because of availability.
"Royal Dutch Shell Reserves Scandal Growing Loses AAA Bond"
"Forbes.com: Royal Dutch/Shell's Problematical Reserves
... Royal Dutch/Shell's Problematical Reserves 04.19.04, 3:16 PM ET, ...
www.forbes.com/markets/2004/04/ 19/0419automarketscan12.html"
"Royal Dutch/Shell Restates Reserves Again
... Royal Dutch/Shell Restates Reserves Again By TSC Staff AM EDT. The Anglo-Dutch oil giant Royal Dutch/Shell (SC :NYSE ...
www.thestreet.com/_yahoo/stocks/energy/10154690.html
Believe you me, these China and India deals are just the early ticket holders at he head of the line. When the rest of the crowd starts to arrive the rush will become a stampede.
Really the fuse is lit on WPT. Just how fast that fuse burns can be effected by a number of things and wars and bad economies aren't rain on this parade.
Even this statement on one of the WPT news releases is not all that
enlightening.
"The potential for further savings through extended engine oil change intervals surfaced following laboratory tests that showed dramatic reductions in lubrication oil contamination in the ISX-G. Beginning in December, Cummins Westport engineers will institute periodic sampling of oil quality in the new natural gas Norcal trucks to further define oil life during on-highway operations. A typical Cummins diesel fuel ISX engine requires a $320 (US$200) oil change approximately four times a year."
I have done plenty of heavy-diesel engine oil changes myself and the cost of the oil ain't half of it. No matter how well you plan for that downtime, it's three to four times that because the driver isn't turning those wheels for a profit. He's in the lunch room or coffee room reading the latest Penthouse. Believe me. I know.
I know where the profits are and where they are not.