Upgrader: The end of the beginning
Fri, Oct 3, 2008
Heavy Oil Investing News reports the return on heavy oil projects will be much less than expected due to the price of oil is rallying around $100 per barrel mark.
As joblessness increases in the United States, further demand destruction is likely. Finally, the difficulty of obtaining credit makes it exceptionally difficult for small players to start new operations or continue financing pre-existing exploration or development that has yet to bear fruit. The illiquidity problem has already been affecting plans.
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Tags: Alberta, american, ban, barrels, bitumen, coal, commodities, credit, crude, demand, develop, dollar, energy, explorers, financial, flow, futures, Heavy, oil, plan, price, prices, project, sands, sustainability, upgrade, upgrading, well
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