Pricing, Credit Collapse Offers Oilsands Operators Valuable Opportunities: CERI

摘要

Oilsands production growth will be almost at a standstill over the next few years and new capital investment will collapse, but the good news is that there will also be deeply reduced supply costs when the economy picks up again next year, says a new study.The Canadian Energy Research Institute's briefing, The Eve of the Beholder: Oil Sands Calamity or Golden Opportunity?, forecasts that $218 billion will be invested in the oilsands for new production from now until 2020.That is $97 billion below its previous reference case scenario last year and a massive $241 billion less than it was projecting in an unconstrained scenario.