THE RISKIEST ENERGY PLAYS IN THE WORLD

Oilsands, deepwater among riskiest energy plays in the world, report says; A U.K study highlighted 20 projects around the world that need a minimum oil price of US$95 a barrel to be viable

Lauren Krugel, August 15, 2014 (The Canadian Press via Maclean’s)

“Some of the world’s costliest energy projects are in Alberta’s oil sands and some could be cancelled without higher oil prices, according to Oil & Gas Majors: Fact Sheets from the Carbon Tracker Initiative, which] highlighted 20 of the biggest projects around the world that need a minimum oil price of US$95 a barrel to be economically viable…Most on the list require prices well north of US$110 a barrel and a few in the oil sands even need prices higher than US$150…Crude for September delivery was at around US$97 a barrel…[T]he 20 projects represent close to $91 billion in capital spending over the next decade…[raising the question of] whether those funds should be invested in risky projects…” click here for more

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