Natural gas seen as rising big energy source in cleaner future
The piece outlines natural gas as a cleaner, cheaper alternative to coal and oil with a 90 year U.S. supply underfoot. It cites federal policy moves, price trends around 5.50 per 1 000 cu ft, and advances in horizontal drilling unlocking shale gas. It notes gas’s emission advantage and growing electricity share, alongside past supply volatility.
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United States
Barack Obama
Congress
West Virginia
Wyoming
U.S
Washington
Exxon Mobil to Buy XTO Energy in $30 Billion Gas Push
Exxon Mobil Corp. agreed to acquire XTO Energy in a $30 billion deal making it the leading U.S. natural gas producer. The move aims to lift gas sales to electric utilities as Rex Tillerson forecasts 50 percent demand growth by 2030 for electricity and factory use. Progress Energy scales back coal scrubbers to invest in gas plants amid falling gas prices and a recession.
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XTO Energy Inc
Exxon
Rex Tillerson
Tillerson
Progress Energy Inc
North Carolina
Lloyd Yates
Process Energy Carolina
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