Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more. Some fascinating data points on the global oil and gas business from Ernst & Young last week. The group released its annual Global oil and gas reserves study. And the findings suggest some worrisome trends afoot in the petroleum business. The report confirmed that high costs are plaguing the business. Exploration and development spending by E&Ps globally jumped 20% in 2012 alone. And rose a towering 48% between 2008 and 2012. On its own, the rise in spending might simply indicate good times at hand for the industry. But a few other numbers from the report sound a warning on this front. Namely, profits. Despite the big increase in spending, […]