Oilsands producers should be 'weary' of declining oil prices

fancycat

Oilsands producers should be 'weary' of declining oil prices: analyst
. O( @2 I, F. `- p8 CThu Sep 11, 3:33 PM
The Canadian Press

+ L; ], l9 k0 K8 u9 d& {" B- j; _- j
, i2 A5 K% ]3 Y5 TCALGARY - 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.

0 }" y1 D" e  zVince 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.
2 V9 Z) |% M( B
8 z" I7 w) b4 h7 QAnd with that, Lauerman says, the higher cost producers in the oilsands should probably be somewhat weary.
6 k3 i! a- u# p6 ~% N* B
Crude oil was within reach of double digits Thursday, hovering around US$100 in afternoon trading on the New York Mercantile Exchange.
* w8 T1 X/ b: a- \2 I2 |
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。