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
: Y5 M5 K( u4 a9 e7 PThe Canadian Press


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.
9 l/ R" q' m9 ]1 W) O5 {
! ~0 d8 M- a, v+ e. dVince 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.
5 f0 q; `; Q* K9 K
And with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
- D. H+ a2 w% t5 C  f/ X
/ `) z9 W/ Z, r0 ?* lCrude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
- F" D* }* _% i# m
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。