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Challege for oil cos (4)   17-May-08 21:50Tracked by (0)  
Posted by:   gv on ( 17-May-08 21:50 )
Price : BSE: Rs 950.90 ( 0.06 % ), NSE: Rs. 951.15 ( -0.02 % )
HI,
Pls read this,How steel price increase affecting oil exploration
"In April, an executive of Royal Dutch Shell PLC told a House committee that steel, which is needed to make drilling equipment and pipelines, and other raw-material costs were hampering efforts to find new energy sources.
These costs "are a major challenge for oil and gas companies and are contributing to the delays and postponements of many projects," according to Cambridge Energy Research Associates, a leading energy-research company.
– Wall Street Journal
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