U.S. INDUSTRY HIKES BUDGET FOR DOMESTIC OPERATIONS

Robert J. Beck Economics Editor G. Alan Petzet Senior Staff Writer U.S. oil and gas companies plan to boost domestic capital and exploration spending in 1990 following a drop in outlays in 1989. Oil & Gas Journal's annual survey shows the industry plans to spend a total of $31.4 billion on U.S. projects in 1990, up 13.1% from estimated 1989 spending. OGJ figures indicate that downstream spending will exceed upstream spending for the first time since 1971, even though higher oil and gas

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