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Oilsands an emerging global growth star
# t2 M' [, `8 ~2 N$ U# XExxonMobil forecast predicts output of four million barrels a day by 20309 u$ ~( ]7 u9 h8 ?" b
Gordon Jaremko, The Edmonton Journal8 ?* ]" B, J8 C1 a0 k" U( R
Published: 2:37 am* P' J7 h* W3 g* x
EDMONTON - 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.
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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.; |" a" j, k/ j
& t% v; J) e9 Q5 BOil 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.
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View Larger Image3 z/ {5 k5 B: P- v8 b
Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.) R( W3 I# J) [6 {1 Y
Larry Wong, The Journal
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Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.( l: v1 ~% c. _6 U& y
% Y+ d) p5 l: h9 m {7 O+ k1 TExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.5 Q! T5 ^ ~; v$ n
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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.) r7 D8 c( ~, K2 J
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While 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.
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5 \1 T: f. e! O& K1 K1 v/ WWhen 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. |
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发表于 2007-11-7 10:35
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发表于 2007-11-7 11:48
