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Oilsands an emerging global growth star
8 k$ x0 M" w+ \; Z5 N# h% N- x rExxonMobil forecast predicts output of four million barrels a day by 2030
^/ w0 }4 b8 ^( O4 i7 y9 eGordon Jaremko, The Edmonton Journal6 Z: f% q; b" b! }8 p! A; W
Published: 2:37 am
" Q& W4 d2 Q* J& UEDMONTON - 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.7 |0 A# R& S# k; j) a' z/ b
& @! ]4 [# U* E) S4 ROilsands 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.
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Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.
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: C6 _! d/ [+ n" _8 L1 iGasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.9 }. x" x( Q& u) {+ k& u$ \
Larry Wong, The Journal
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Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.
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$ F* A& M% }' q! p& S8 Z1 F4 k% JExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.& w3 d5 w# u* w" w) Z
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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. d$ i( ^9 J# v$ D% {: ]. p7 N9 Z& B
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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.
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( e* Y% W% P4 b* wWhen 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. |
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发表于 2007-11-7 10:35
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发表于 2007-11-7 11:48
