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North America will lead global energy investment this year, with companies spending $392B on...

  • Monday, April 30, 2012, 12:31 PM ET
    North America will lead global energy investment this year, with companies spending $392B on upstream capital and operating expenditures in the region, according to IHS CERA. Projected 2012 capex alone is $274B, driven by the boom in oil sands, shale gas, etc., which should account for $128B of the total; total North America spending is expected to reach $528B in 2016.
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    We're sprinting to stand in place. They'll have to spend a lot more money to move us above the peak oil plateau we've been on globally since 2005.....

    MrEnergyCzar
    30 Apr 2012, 04:42 PM Reply Like
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