ExxonMobil aiming to capture growth in US electricity market

[wtmusic]

"On January 9, 2012, The Nicholas School of the Environment at Duke University held a hydrofracking workshop. The organizers invited a number of speakers from both industry and academia to discuss a contentious, but important energy issue from a variety of perspectives. You can read about the workshop on TheGreenGrok on a post titled Minds Meet on Shale Gas, Fracking.

The talks and question and answer sessions were webcast, recorded and are available to view at your leisure.

The keynote speaker was Michael Parker, from ExxonMobil’s XTO subsidiary. He provided a summary of ExxonMobil’s recently released Energy Outlook and described how producing unconventional natural gas using hydraulic fracturing fits in with their view of the future. Of course, producing large quantities of natural gas is only half of the challenge – without a large market for that gas, the material would simply become an explosive storage problem."

XTO promises "old-fashioned hard work" will bring high returns.

"Low-Risk, High-Return Strategy

XTO Energy Inc. and Exxon Mobil Corporation have formed a new organization to manage global development of unconventional resources. This agreement brings together two highly complementary organizations whose combined strengths will deliver strong shareholder value and open new opportunities for the production of clean-burning natural gas. It will support our nation's economic recovery, strengthen our energy security, and help meet our environmental goals.

XTO will continue to do the things that have made us so successful. Our experience and expertise helped guide us to acquire the best reservoir rock, and our utilization of the newest technologies, operational innovations and old-fashioned hard work played a role in finding untapped reserves. Going forward, XTO will have a much larger horizon in which to apply our skills and technical expertise. Together with ExxonMobil’s advanced research & development and operational capabilities, global scale and financial capacity, we will enable development of additional supplies of unconventional oil and gas resources, benefiting consumers both here in the United States and around the world."

http://www.xtoenergy.com/en/home.html

[Responder3]

1. They'll probably get it too

They don't care about the country or iys people.