Andersen poll: lower oil prices, more spending expected

12/17/2001
Most of the 900 industry representatives attending the annual 2-day Arthur Andersen LLP energy symposium expect increased demand for oil and natural gas, with lower, more volatile crude prices, and less investment capital available over the next 3 years.Yet, most of those surveyed also projected increased spending for exploration and development during the same period, particularly outside of North America, Andersen executives reported Dec. 5.For years, Andersen officials have polled industry executives' outlook weeks in advance of the accounting and consulting company's annual energy symposium. "But by the time we got around to announcing the results at the meeting, the situation...
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