What industry leaders expect in 2011 ///
Things were beginning to look up again for the oil and gas industry. The economy was recovering, credit had loosened up, and the price of oil was in the healthy—and, just as important, stable—range of $70–80/bbl. In the US, the Obama administration’s move to open up OCS leasing had even suggested the possibility of cooperation with an industry that had initially been uneasy about his early cap-and-trade efforts and focus on “green” jobs.
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