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Monday, October 26, 2009 1:47:14 PM
Of course as petroleum prices go up, oil exploration ventures will resume but these are long-term projects. Much like it takes nine months to make a baby no matter what, it sometimes takes several years for a new oil field to start producing. Short term this bodes well for oil exploration companies such as Transocean. Expect their business to grow for the next few years as oil companies scramble to meet demand.
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