Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
Thu Sep 11, 3:33 PM
: w0 n) R5 b* ^4 ^0 h1 Y$ IThe Canadian Press


CALGARY - Producers in Alberta's oilsands have reason to be nervous if the price of crude oil continues on its downward path, an energy analyst says.

Vince Lauerman of Geopolitics Central says a barrel of crude oil could fall as low as US$60 for some time if the slowdown in global economic growth ends up being worse than expected.

: u7 A" y3 O3 B6 K. Y' [& rAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
' F3 O( P3 U+ x0 m
Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
- T/ n0 K4 h2 O& [7 w  Y
& `9 j* W& k+ _# w. k; G; ^1 yThat marks a stunning descent from its record above $147 reached in mid-July.

林柯

Some body will worry it more than me.

songca2001

去Albert的人要大量回流了。