 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star
# l! g0 h6 N4 V: ^ gExxonMobil forecast predicts output of four million barrels a day by 20304 J2 a/ l5 l- m7 Y' m
Gordon Jaremko, The Edmonton Journal
6 V9 K& Z+ o! _+ rPublished: 2:37 am) I- ]# s+ Q) N% j; r$ R; {. Z4 X
EDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.0 D& y0 r8 E U- s$ W: Y; C
+ J9 s0 i2 l4 ?; F( M
Oilsands output will multiply fourfold to more than four million barrels daily by 2030, ExxonMobil Corp. predicts in a new international industry outlook report. And that forecast errs on the conservative side by projecting "fundamentals" of demand and supply trends instead of relying on prices to stay sky-high, ExxonMobil spokesman Allan Jeffers said Tuesday.7 ]: U) I& _8 e4 I+ J& K$ R
/ C% G4 [+ G5 P/ C1 Q3 x0 N# WOil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.
2 N- C# x) g! m9 F( w: S- L7 Q& N+ w" V6 p9 A
# U" H: H( s" g* K; F View Larger Image, e8 G% D, x7 e! Z6 M
Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday. [0 U9 a0 \. c. s/ K8 t
Larry Wong, The Journal
7 {8 B; E0 _0 \, y' {) U. e2 [( Y4 S! n* n4 s" l/ y
Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates./ E7 N" Q2 z' D+ B# i, j/ L, V
, u) W) ^) c9 w6 N. r- PExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.) ^( Y3 R% x* Q1 x% `+ ^1 V$ _
! c( M+ p$ g6 K) V- i3 Y- ~
Output from the northern bitumen belt would grow to six million barrels a day if all known projects were built on their announced schedules, Dunbar said.
5 O N- X6 Z$ Z4 Y$ c1 v+ [! Y4 K* V) f7 j G3 F! Y
While no one believes the current spike will last, the looming new record high is seen as confirming that a new era of premium prices has arrived to stay, he said.6 d2 A$ c: D0 X m' n- z
0 g/ D5 z& U) A: n# V
When the oilsands rush began in the late 1990s developers only relied on markets to stay in a range of $20 to $30 a barrel. To be profitable, new projects today count on sustained averages in a higher band of $60 to $70, Dunbar estimated. |
|