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
; ]7 L' \6 \  ?4 [3 W; KThe Canadian Press


$ l4 w# F7 |8 b+ E, b7 ]6 W- zCALGARY - 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$60 for some time if the slowdown in global economic growth ends up being worse than expected.
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9 k$ o3 s/ W. M# M; v4 m$ M' FAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
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9 R- S' K- L" O4 |: |  q6 _; ZCrude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
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2 {  g& |1 X, i& n! nThat 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。