But there is no doubt that two years of massive spending cuts have weakened the pipeline of future oil production. (foragerfunds.com)
Investors are obviously concerned that the lowest oil prices in six years could result in financial difficulties for the oil services industry, as numerous oil companies have announced massive spending cuts for 2015. (fool.com)
The sequestration will make massive spending cuts mandatory across most government agencies (including the military) to the tune of $ 85 billion. (relevantmagazine.com)