 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star9 h. ^' w5 K% G# ?( q. P5 _
ExxonMobil forecast predicts output of four million barrels a day by 2030; n3 o# K" b) d* ^8 L8 ]
Gordon Jaremko, The Edmonton Journal1 N& J1 I7 Y5 H' ?. v! @6 h" D
Published: 2:37 am
; c2 j. i8 a" ]$ z: ~EDMONTON - As oil leaps towards a new landmark high of $100 US a barrel, the world's top investor-owned producer has singled out Alberta as an emerging global star of production growth.
; V" u* e% u0 m: |5 v2 t
; ` G# p( u6 S c; }5 Q- _Oilsands output will multiply fourfold to more than four million barrels daily by 2030, ExxonMobil Corp. predicts in a new international industry outlook report. And that forecast errs on the conservative side by projecting "fundamentals" of demand and supply trends instead of relying on prices to stay sky-high, ExxonMobil spokesman Allan Jeffers said Tuesday.( G6 I4 j+ U0 o6 V' \
( i$ u }' ]/ o, }& _2 A
Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.! C5 n* Y9 k- |, }# Y8 [4 ~4 `4 u
% o+ W" j5 c+ l0 q0 d
" T: ~9 Y+ E! [ w5 ^% p
View Larger Image; v% e+ z6 t8 |" [0 z h* _+ }
Gasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.
9 R; N/ q# D! Z+ U# pLarry Wong, The Journal9 t3 T8 Z1 k2 q+ G% }$ E
4 s4 z4 {2 m# z5 Q, q4 \! j/ x
Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.2 T" p, z1 G9 L
5 f8 h: C) o: m+ s1 BExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.
% s _ ~8 |3 A, W8 E q
2 Y3 |( y2 I j) mOutput from the northern bitumen belt would grow to six million barrels a day if all known projects were built on their announced schedules, Dunbar said./ Q, J& ~ a9 Q% x( I$ w/ _
7 I. H4 M9 \/ D- W9 L. y# n5 M
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.
' U" i& E0 E& w7 `4 q$ _5 E7 H% n6 B: ?( d y, s. Z4 J$ l
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. |
|