Pantheon Macroeconomics - We're pretty sure our forecast of a levelling-off in capital spending in the oil sector will prove correct. Unless you think the U.S. oil business is going to disappear, capex has fallen so far already that it must now be approaching the incompressible minimum required for replacement parts and equipment needed to keep production going.

U.S. Documents | 11 May. 2016 Outside the Oil Sector, the NFIB Survey Points to Decent Capex
We're pretty sure our forecast of a levelling-off in capital spending in the oil sector will prove correct. Unless you think the U.S. oil business is going to disappear, capex has fallen so far already that it must now be approaching the incompressible minimum required for replacement parts and equipment needed to keep production going.

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11 May. 2016 Outside the Oil Sector, the NFIB Survey Points to Decent Capex

By Ian Shepherdson

We're pretty sure our forecast of a levelling-off in capital spending in the oil sector will prove correct. Unless you think the U.S. oil business is going to disappear, capex has fallen so far already that it must now be approaching the incompressible minimum required for replacement parts and equipment needed to keep production going.

Posted: 11th May 2016 in 'U.S. Documents'

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