CIBC World Markets: Oils sands to become increasingly valuable source of Global supply
(News piece is couple of weeks old. But relevant to oil sands investors)
TORONTO, Jan. 10 /CNW/ - An increasingly tight oil supply will continue to force crude prices higher and make Canadian oil sands the single biggest contributor to net new global supply by the end of the decade, states a report released today by CIBC World Markets.
In its Monthly Indicators report, CIBC World Markets notes that despite a near doubling in crude prices over the last two years, non-OPEC production failed to increase in 2005. This limited the total increase in global supply to less than a million barrels a day.
http://tinyurl.com/7stha
TORONTO, Jan. 10 /CNW/ - An increasingly tight oil supply will continue to force crude prices higher and make Canadian oil sands the single biggest contributor to net new global supply by the end of the decade, states a report released today by CIBC World Markets.
In its Monthly Indicators report, CIBC World Markets notes that despite a near doubling in crude prices over the last two years, non-OPEC production failed to increase in 2005. This limited the total increase in global supply to less than a million barrels a day.
http://tinyurl.com/7stha
posted by Oil Shock at 12:11 PM
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