12.02.2009 - Credit crunch 'hits oil industry'
From BBC: The banking crisis is going to hit exploration and development in the oil industry over the next 12 to 18 months, a report has warned. Oil and Gas UK blamed the situation on a combination of low oil prices and the freezing of capital markets. The assessment comes after a survey of 75 companies. The organisation called for the industry and government to act..... Full Article: Source