Nevertheless, the current oversupply woes have forced investment banks and other
oil analysts far and wide to downgrade their oil price forecasts.
Not exact matches
«Every now and then there's a company that chooses to stop talking to you, but those are few and
far between,» says Rafi Khouri, an international
oil and gas
analyst at Raymond James.
Current WTI prices are not that
far from a US$ 40 - per - barrel
oil, which has the industry and
analysts wonder how low an
oil price the U.S. shale can afford.
Two weeks ago, I
further supported this thesis with the supposition that the Gulf Coast storms would actually accelerate these trends, going against virtually every other
oil analyst out there, including an alert from Goldman Sachs claiming the storms would have a
far greater impact on demand than supply.
Some
analysts think that China and Saudi Arabia have accumulated
far more gold than they're reporting and are accumulating still more gold surreptitiously — China to hedge its dollar foreign exchange surplus, Saudi Arabia to hedge both its dollar surplus and the depletion of its
oil reserves — but that China and Saudi Arabia can't acknowledge this accumulation lest they spook the currency markets and devalue their dollar surpluses before those surpluses are fully hedged.
But the growth of emissions in the
oil sands would make the overall effort
far more difficult, said Dale Marshall, a policy
analyst with the David Suzuki Foundation.
The increased capacity and revenues the pipeline will bring will encourage equity
analysts and credit rating agencies to mark up
oil - sands producers, reducing their cost of capital and therefore encouraging
further expansion.