Companies’ plans tied to U.S. economy
RBC — With the slowdown in the economy and the uncertainty of the markets, energy companies operating in Rio Blanco County are approaching the new year accordingly.
“We can’t speculate about 2009, because we don’t know what the economy will do,” said Jim Lowry of ConocoPhillips. “Our 2008 capital budget is progressing according to our previously developed plans. Our company’s 2009 capital expenditures will be released in mid-December.”
Companies…