Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
( ]0 `0 x2 s  }- T/ c! `. EThu Sep 11, 3:33 PM
The 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.

0 A  h" P! U, c& {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.

' h6 q( }( J+ S+ O/ f3 O, qAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

9 p+ t2 N, ~) yCrude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.

That 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。