Oilfield service growth forecast to 1995
Predicasts Inc of Cleveland projects oilfield service revenues to rise 15 percent annually through 1995 reaching 216 billion dollars. Real term growth around 6 percent yearly driven by more drilling deeper wells and offshore activity. Drilling service volume could hit 109 billion by 1995 with per well spending at 795 thousand versus 168 thousand in 1980.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
UPI
Predicasts Inc
Predicasts
Oil and Gas Companies
Bond rally trims losses as rates outlook shifts up
New York bond prices rose sharply after a gains in money supply and expectations of higher rates. The 30 year government issue jumped from 97 to 99 14, still under last Friday's 102 34, as the federal funds rate eased from above 13 percent to about 11 4 to 12 percent.
MENTIONED IN THIS ARTICLE
New York
UPI
Auto makers end 1981 with 2.5 percent drop in output
UPI reports the four largest U.S. automakers produced 6,665,238 autos in 1981, down 2.5 percent from 1980. December output fell 25 percent to 376,920 autos. Trucks rose 21.1 percent for the year, aided by new models, though December truck output lagged Dec 1980. Chrysler posted overall gains. GM and Ford showed declines in cars, with mixed truck results.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Volkswagen of America Inc
United States
Canada
Chrysler Corp
Chrysler
General Motors Corp
Ford Motor Co
No. 2 Automaker
American Motors Corp
Jeep
AMC
New York
Standard & Poor’s Corp
S&p
U S Trade Commission urged new shoe import restraints
Five years ago the U.S. International Trade Commission said it would urge President Ford to set new restraints on shoe imports. The report highlights concerns over domestic shoe industry competition and trade policy.
MENTIONED IN THIS ARTICLE
U.S. International Trade Commission
Ford
IRS studies tax status of deep discount industrial bonds
The IRS announced it is studying the tax status of deep discount and low or no interest industrial revenue development bonds under Section 103 of the Internal Revenue Code with conclusions to be announced soon.
MENTIONED IN THIS ARTICLE
Washington
UPI
Internal Revenue Service
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