High Oil Prices Help Industry Absorb Rising Exploration Costs
February 2, 2008
For an industry already grappling with labour shortages and hikes in raw material prices, the surge in the cost of oil rigs in recent years is a further, unwelcome complication.
Rig costs have been going up by as much as 430 per cent in some cases, and it is not hard to see why.
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Oil Stocks: Best Picks For 2008
January 15, 2008
It’s not too late for investors to get in on the oil boom in 2008, analysts say, even with the near 30 percent runup in oil company stocks last year.
From companies that pull oil out of the ground, to the ones that turn it into gasoline, to the specialists that keep the wells flowing, the oil sector breaks down into lots of categories. And some categories are expected to do much better than others in 2008.
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