INDUSTRY SCHEDULES 6% BOOST IN U.S. EXPENDITURES FOR 1993
Robert J. Beck Economics Editor The petroleum industry plans to boost U.S. capital and exploration spending in 1993 after outlays slipped in 1992. Oil & Gas Journal's annual survey shows U.S. companies plan to spend $36.3 billion on domestic projects this year, up 6% from the $34.2 billion spent in 1992. Capital spending last year was down 6.8% from the $36.7 billion spent in 1991.