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
The Canadian Press


8 s* n: T" B" u5 g; d) G0 ECALGARY - 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.

" u! t; u( p2 C% tVince 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.

( n. g/ K6 g/ sAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

# k2 f) W" |7 d& w. _6 A! H; vCrude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.

& d' u3 R4 s$ Z3 Q  XThat 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。