The American Petroleum Institute recently released
projected capital spending on oil and natural gas projects in the U.S. through 2020 and the numbers are staggering.
During 2014, an estimated $87.4 billion will be spent in the U.S., with
spending declining to $75.0 billion in 2020. During the next seven
years, a projected $568.4 billion will be spent on U.S. oil and natural
gas projects. With the dollar amount being invested, we hope a careful capital budgeting analysis is being performed on these projects.