January 2011 Vol. 238 No. 1

In The News

Legislation Inhibits Petroleum Industry Growth, Forcing Firms To Re-strategize

A study by BDO USA, LLP found that 54% of chief financial officers at oil and gas E&P companies feel “legislative changes” will be the leading factor inhibiting growth of the U.S. oil and gas industry in 2011. In addition, 40% cite “legislative changes” as the greatest financial challenge in the year ahead. The legislative/regulatory environment was a major cause of delays or terminations of exploration or processing projects in the past year. Among respondents who experienced a project delay or termination, 61% cited “federal or state environmental regulations,” 58% cited “legislative changes” and 39% cited the moratorium on

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