Oil Industry Urges Boost in U.S. Spending to Speed Drill Permits
Investing News Network - September 7th, 2011
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.
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.