Rhetoric VS. Reality
Policy-makers are talking a lot about energy and energy policy. What fallows are some of the most frequently heard claims and proposals, along with realities that need to be considered when evaluating these claims.
Click Here to read Energy Issues and rhetoric addressed on our site.
As economy steadies, oil firms still cautious with capital
December 9, 2009
Petroleum News
Kay Cashman
Wood Mackenzie predicts investment in the world's upstream oil and gas sector will grow modestly in 2011, reaching around $350 billion by 2012, down from a five-year peak of $370 billion in 2008 when oil prices topped $140 per barrel.
With some exceptions the international research firm expects 2010 global exploration-and-production investment to remain at 2009 levels, which is around $325 billion.
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