Friday, January 28, 2011
Oil Majors Moving Into Natural Gas
ExxonMobil has released it's annual energy forecast and predicts that natural gas will overtake coal as the second-most consumed fuel in the world by the year 2030. Due to (1) future oil shortages and (2) the environmentally unfriendly nature of coal, many of the largest, most successful, oil majors appear to agree with ExxonMobil and are positioning themselves to profit from the expected increased demand for natural gas.
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