Canada taking cautious route

Capital spending forecast to drop 6.6 percent in 2007 because of upstream inflation, natural gas uncertainties, rest of world

Gary Park

For Petroleum News

On the capital spending teeter-totter, the rest of the world is headed up in 2007 while Canada takes a dive. Predictions made by Citigroup Research, a division of Citigroup Global Markets, said global spending in the upstream sector will climb by 7 percent, almost matching the 6.6 percent drop fore....

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