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
The 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.
8 y) Z5 D5 c; c  @
, s' m2 i# V, l7 g9 m: @& c! ^Vince Lauerman of Geopolitics Central says a barrel of crude oil could fall as low as US$60 for some time if the slowdown in global economic growth ends up being worse than expected.
1 c) T/ H" \% m  s
6 I) y) R. [; M, zAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
" J" x8 [" _) G- D% u$ z
Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
- f# ^9 D6 t* Z& I2 J
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。