 鲜花( 1)  鸡蛋( 0)
|
Oilsands an emerging global growth star% ], K- {% o( m0 R) P* R2 b7 z
ExxonMobil forecast predicts output of four million barrels a day by 2030 p4 d$ }* m2 V" x% w
Gordon Jaremko, The Edmonton Journal- k) Z4 z$ v' T5 F* N8 b3 ^9 ]' `
Published: 2:37 am
8 ?" G; l$ k- x+ A. I# g: s3 XEDMONTON - 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.
2 y' z% W4 [6 \5 D- R1 N0 G1 ?1 ?* ^ d# K+ I* Q6 U3 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.
) g' d1 I4 `" y1 @0 D1 h5 N9 a2 @& f/ r9 S) b" h1 b
Oil jumped to $96.67 a barrel, up $2.69 in New York trading Tuesday on fears of global supply disruptions after storms battered North Sea production platforms and guerrillas attacked a pipeline in Yemen.8 K; E1 h/ |+ w! O) Q
0 S% {% { y" ?3 y
( v% v( I3 ~2 ^3 |2 {& I8 ~ View Larger Image
: n; c9 p$ i, ~7 ]8 t& aGasoline prices in Edmonton were 99.9 cents per litre at many stations on Tuesday.
! y' L# `% b3 c& p+ V/ MLarry Wong, The Journal
! u$ h3 }: Z3 |$ [, N: K, a1 j2 G- H
0 L' e d) A6 [& [Edmonton refinery postings for Alberta output Tuesday ranged from $60.74 for low-grade heavy crude to $91.11 for premium oilsands synthetic production. The Canadian benchmarks are translations of international prices, adjusted for pipeline tolls and currency exchange rates.8 c0 e' L# o) i" R B4 y' t
" @" A# S- F1 K; z) ~( o
ExxonMobil's high oilsands expectations are realistic and reasonable, said Bob Dunbar, an Alberta industry veteran whose Strategy West Inc. specializes in the field.% d: u9 F) C4 q, _- Q0 A
' Q2 T7 |- L6 U; L, Z/ KOutput from the northern bitumen belt would grow to six million barrels a day if all known projects were built on their announced schedules, Dunbar said.
/ q) l$ F b; }) Y; r- j6 x( H$ t0 G$ i( W+ y3 q7 T+ P: W
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.
- G1 b6 T+ ~4 C; G9 L2 H( w; i U6 r4 x4 _2 B1 d9 K$ @
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. |
|