With Oil Cheap, Interest Fades In Offshore Drilling Rights

Forbes by Jesse Bogan | Mar. 19, 2009 (News Report)

Dismal oil and natural gas prices led to lackluster bidding in an auction of federal offshore leases in the busiest region of the Gulf of Mexico. Full Story »

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3.3
 by Derek Hawkins - Mar. 24, 2009

“The speed at which this has happened is certainly a concern for all of us,” said Scott Josey, chief executive of Mariner Energy (nyse: ME – news – people ). “I never thought I would see $50 oil in my career again.”

(6 answers)

Derek's Rating

Overall
3.3

Average
from 6 answers
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3.3
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4.0
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3.0
Information
3.0
Popularity
3.0
Recommendation
3.0
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3.0
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