11.08.2014 - Is This Trend a Killer for Oil and Gas?
Very interesting research released last week by the U.S. Energy Information Administration shows that the domestic E&P sector may be headed for some difficult times. The Administration calculated the spending habits of oil and gas firms operating within the U.S., tallying both incoming operational cash flow and outgoing capital expenditures for these companies. The results are surprising, revealing that today's oil and gas sector is spending well beyond its means............................................Full Article: Source
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