Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
# K. u# D- j& @$ _1 DThu Sep 11, 3:33 PM
; Y1 L& b1 N# q( M, j/ ZThe Canadian Press
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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.
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0 A* W: U% o6 b2 F& ^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.

4 N% S  P( l+ A) C- B" [$ tAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

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。