 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star
% L7 e) N4 Y+ t: UExxonMobil forecast predicts output of four million barrels a day by 2030: m) c8 J) r, g/ a5 T; r3 R
Gordon Jaremko, The Edmonton Journal
) j# ~( y" r- x, ~! x/ G4 PPublished: 2:37 am
# A$ E( Q2 W f3 lEDMONTON - 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.
9 A. n: H% B4 E% y5 k( [; \) t% B; k( t. K0 K' O: S
Oilsands 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.( d& v9 P8 E; z1 g" _3 W
0 X2 f5 v" H n
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.
; Q" k m7 A& T1 C* D( b9 V) T! C* U/ e+ \5 n* S
& |( X: I; Z6 T% o# p& J& p& z( P/ o
View Larger Image" [- i- X) U: M- v2 a+ w) x. J
Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.
( v: n- B. y7 p4 S9 ELarry Wong, The Journal9 o* I' w; Q+ J' J
( f9 J6 o6 J1 _ [4 tEdmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates., |. p0 J' o- l) W/ o
- k1 R" |& x9 j' O$ t$ A' j; 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.9 b, y1 F X9 R* F7 ]
( _% G2 h. @- {
Output 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.) D8 s" }( t. [8 ^4 t# ?
9 j) b0 C; w/ w! p* }% qWhile 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.
8 U/ p; V! J4 b3 ?# ]! _7 [6 [, {5 l3 C9 h D
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. |
|