Upgrader: The end of the beginning

- October 3rd, 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 … Continued

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.

For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to the Resource Investing Newsletter.

 

Tags

Leave a Reply