Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
% g# M  Q1 X- r$ V+ P2 dThu Sep 11, 3:33 PM
The Canadian Press

% S! R4 e9 z# K; \9 t
4 J7 y0 T' n9 q  U: y" N7 vCALGARY - 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.

Vince 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.

8 u: Q" ~9 v, o; p! A2 I( nAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

) m% b+ s; F7 m5 h6 c2 _Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.

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。