 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star
2 I- m& \' \5 p' H" PExxonMobil forecast predicts output of four million barrels a day by 2030
1 `" ^, l; g5 J9 D+ d7 v% t& }Gordon Jaremko, The Edmonton Journal6 K0 n; z$ h, ^$ m" m! w
Published: 2:37 am
i' h9 f; t4 {5 f- REDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.
' `3 n0 `4 d% ^. j& R" W
# P$ ]* u. ?0 c$ HOilsands 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.6 n1 }; U' _. j' z" d
# q9 v5 y4 G+ Q% y7 `3 _# W8 A
Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.
. e& E4 Q) b$ x7 ?8 q7 ?2 y T$ W- S6 n" h
1 x+ W0 y( @& v7 {
View Larger Image
6 ]: s8 k& E5 H" p8 J" X' w; T6 T( fGasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.5 G0 q# M" m' |' }4 T* u) V
Larry Wong, The Journal# j% H+ m2 l1 ~# s5 C# D+ U
* L) E* u3 Q' V# D3 i9 ?
Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.9 X( q$ b1 |" E$ V8 c9 q
7 B$ N9 S" e. Q5 g
ExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field./ r1 I6 n9 c. w" w% E
7 Z6 w& Q4 |$ ?4 I0 ^% iOutput 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." J) X1 x" Y: r. r; a/ n2 \
7 j# Z! p2 U% G* D" {! cWhile 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.
$ t+ N% w& r/ ?" \9 R. X2 R* B/ k8 ^# q+ p+ G
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. |
|