Oil Industry Plans Record Spending in 2011
by Melly Alazraki on Dec.29, 2010, under Towing
One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion in 2011, including a large amount for deep-water development.
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Oil Industry Plans Record Spending in 2011 originally appeared on DailyFinance on Wed, 29 Dec 2010 09:10:00.
Filed Under: Energy, Exxon Mobil, BP, Chevron



