Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
- m8 b5 _: q  x4 D2 A1 ^7 KThu Sep 11, 3:33 PM
" B# e7 T9 ?, ^* @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.

" ]) E  p+ u8 `1 SVince 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.
- t% C' r, t  T5 b' f
0 D8 G3 N+ f# o) n9 N2 p! aAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
$ ]7 f, F/ c+ V2 |9 o( g
" \/ W* Q  V$ u# G5 RThat 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。