At least in Russia, where it seems that Gazprom is on the skids. It's interesting to ponder a bit. With oil prices at record lows and with companies not seeing it worthwhile to explore for new fields, is it so hard to believe that oil companies in say the US might eventually ask for handouts? Late night speculation brought to you courtesy of a post-Xmas party homemade cookie sugar high? Maybe not.
According to this LA Times article about oil shale:
In recent weeks, the industry was included in the $700-billion government bailout package with investment and tax incentives to help oil shale producers build refineries and other expensive infrastructure.Is there any big business at this point without its hand in the pot?