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


5 i( z* m) u0 Q. p. f! GCALGARY - 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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1 N' ^) ~% {( j4 f# n. {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 z3 s& F- b/ @# C7 J" fAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.

$ e; P6 Q" G+ p# W5 w) S0 n; e' jCrude 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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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。