Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
* s- m- c0 M7 n' P* D- T* SThu Sep 11, 3:33 PM
' w; G" X/ [4 @& }" A9 t, t' MThe Canadian Press


( T* F& E8 G2 F3 F& u( j' l9 OCALGARY - 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.

" U3 c% u, Y, A% z/ V( Q/ a, EVince Lauerman of Geopolitics Central says a barrel of crude oil could fall as low as US$60 for some time if the slowdown in global economic growth ends up being worse than expected.
! w  ^9 p$ }* i; P6 y7 a  U
And with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
" _4 a% n4 u8 b" f7 q( m# }7 K
Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
/ j3 ?! J0 k# n
+ n) |  V  }+ Q7 n/ qThat 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。