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Oilsands an emerging global growth star
5 @% r+ M ?: H: Z; |. DExxonMobil forecast predicts output of four million barrels a day by 20309 d2 s5 I7 o1 [6 D
Gordon Jaremko, The Edmonton Journal
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EDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.3 w& \1 V, O6 C2 ?5 R$ {
, g5 h. _" D7 w! o9 l2 m/ z+ ZOilsands 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.; f3 }1 f+ K( U* _: ]/ Z
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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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Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday. {* L2 p. z6 i6 Z) `1 O: B X) u
Larry Wong, The Journal, ^% W6 Z/ N8 g- J. A2 Y
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Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.
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ExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.
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. G( n3 y9 d& D$ F3 }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.& c) M9 h) g5 B- Y n
3 p5 Y" N9 p! w7 K9 s# e0 A7 kWhile 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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& q3 Z- D) z& ^4 @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. |
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发表于 2007-11-7 10:35
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发表于 2007-11-7 11:48
