 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star
: Q/ z2 F$ G- Y9 T! O8 C% ]0 ]. qExxonMobil forecast predicts output of four million barrels a day by 2030% U5 r# }6 d) h6 e2 w# @+ o
Gordon Jaremko, The Edmonton Journal
+ G8 I5 \# O4 ]Published: 2:37 am& O! U6 z/ @# G8 v- O
EDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.0 U/ V* V) M% p2 v" K0 I0 b
7 E5 v8 z$ u- y% \4 pOilsands 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.. `! q& l3 z1 i0 w
) A% u0 T6 Q" p* [
Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.) {7 X, W! {, n
4 v- R1 o' W$ \2 d1 {- u, T6 o: [- H! d1 \' t/ q" w
View Larger Image
" ^+ C I" A5 e) fGasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.
, T; j- [& T$ ~6 pLarry Wong, The Journal, w' c! V* t& I( c* [" }
8 U9 ^6 H4 r/ D/ nEdmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.9 F! K0 M: r; n0 g/ ]4 }
: }1 e9 _3 {9 x% s
ExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field./ t+ ?- C D$ b" s
9 I0 j" d, \$ _/ N- w8 T) OOutput 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.
. T6 Y) ~& K2 G5 T8 k9 H' }4 a! [/ p& ~$ v
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.: X o5 U, e! O* _$ C- ^* J
) m3 \! E$ S l$ H
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. |
|