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Oilsands an emerging global growth star
; @3 s3 a8 [4 l1 N; m* \! \/ \ExxonMobil forecast predicts output of four million barrels a day by 2030
: d; A7 x+ o6 R' MGordon Jaremko, The Edmonton Journal3 i' |6 r$ t+ E3 E
Published: 2:37 am
4 D7 s3 y! X$ r) x) K9 }EDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.
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& d! T9 X6 g. E+ V: L0 x8 n$ d: FOilsands 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.
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7 A: S8 ?! X$ Z1 I& P% u& f! SOil 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.
" a! F3 H1 w1 W; p# PLarry Wong, The Journal
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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.( Q9 s7 i# s% I/ Q8 L4 W( X
8 u! r" P" _# v5 F7 V7 t- ?( KOutput 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.
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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.
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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
