An April report from the Canadian Association of Petroleum Producers revealed that the oil and gas industry had seen a 62 percent drop in capital investment, and a drop of 66 percent in the amount of new oil wells drilled over the last two years. (tradeready.ca)
It is also planning to drill up to three new oil wells on a new project in Colorado after strong results from its first well drilled last year. (canadianbusiness.com)
«We will drill new oil wells offshore, and we'll drill them now,» McCain pledged to his faithful, who gushed with enthusiastic chants of «drill, baby, drill!» (scientificamerican.com)