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Oil Industry Urges Boost in U.S. Spending to Speed Drill Permits
Sep. 07, 2011 09:24AM PST
Oil and Gas InvestingBloomberg reports that lobbyists for Exon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are lobbying to increase funding for the U.S. agency that analyses and issues new drilling permits.
Bloomberg reports that lobbyists for Exon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are lobbying to increase funding for the U.S. agency that analyses and issues new drilling permits.
The market news is quoted as saying:
The permit process tightened after a BP Plc well ruptured last year, spilling more than 4 million barrels of oil into the Gulf of Mexico.