With
oilsands production expected to keep growing, crude - by - rail shipments could peak as high as 590,000 barrels a day in 2019 if producers don't resort to crude storage in peak months, the IEA said.
Coincidentally, the light oil price forecast of the day had also crept up, to U.S. $ 24 / bbl plus inflation, with
oilsands production expected to reach 2.2 million barrels per day by 2015.
Not exact matches
In fact, with oil prices increasing only with inflation from $ 18 / bbl in 2000, the NEB
expected total
oilsands production to reach 1.6 million barrels per day by 2015.
After all, prior to the Great Recession, Alberta's industrial heartland looked poised to become an upgrading mecca, with new refinery projects
expected to boost local
production of
oilsands crude by more than half a million barrels a day.