In 2014 the oil industry invested $56 billion in capital projects but that may stay as an all-time peak.
In 2014 the oil industry invested $56 billion in capital projects but that may stay as an all-time peak. A report released Wednesday by the Conference Board predicts a 20 per cent decrease in investment this year and that the industry will post a 37 per cent drop in revenue with pre-tax losses of $3 billion. The report forecasts that the effects of the recent downturn will be felt for many years to come and that there may not be a return to the level of investment seen last year.
