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
  W& r7 p( y% N( o" o5 @The Canadian Press
" X4 ~% f) X# n# Y

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.
+ A+ Z) Z# ?# L- l4 _8 p9 j5 e
. e* f; `3 N( X% W1 cVince 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.

0 X8 h3 p$ V% W3 b& e" R4 s3 RAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

6 u0 c9 c) a4 N, wCrude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
5 D, u. T' J- F5 N
0 f' }# `1 o8 U! Q% z" \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。