Koil Energy Solutions Inc. (KLNG)

[J-Rhino]

The global oil industry—far from chastened by the catastrophic U.S. Gulf of Mexico spill—is planning record spending next year, including a large amount for deep-water projects.

From giants Saudi Aramco and Exxon Mobil Corp. to wildcat outfits, the industry plans to spend nearly a half-trillion dollars next year to find and extract oil and natural gas, according to a new survey by investment bank Barclays Capital.

http://online.wsj.com/article/SB20001424052970204467204576047701034685310.html