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Oilsands producers should be 'weary' of declining oil prices: analyst$ r) h/ z" G1 z1 Z
Thu Sep 11, 3:33 PM
/ A1 e F/ ` j+ J3 sThe Canadian Press 0 A6 c+ n& K3 c' y8 {% f1 O+ `
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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. 8 u1 c* W, T2 Y9 U3 |% [9 g
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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. , F, P9 S- u( D E K9 x
& V! w. C% t: H U3 j- PAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
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Crude 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. |
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发表于 2008-9-11 13:41
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