Total global oil and gas capital expenditures will increase 13.5%, surpassing the $1 trillion mark for the first time ever. This extraordinarily high number can be attributed to a number of factors; for example, more oil and gas finds (242 last year) or soaring operating costs, signifying $100-per-barrel crude prices are here to stay. Check out the video below for more analysis on who is spending more and what an increased marginal cost per barrel of oil means for investors and consumers alike.
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