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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (71613)	12/15/2009 4:11:12 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Exxon challenges Russia on natgas via non-conventional shale gas production in Poland/Hungary/Germany... Who's behind the XTO-Exxon merge? The Russians. Message 26178978 Exxon made no bones Monday it was buying XTO for its expertise in cracking shale gas plays, with plans to export that talent to the nearly 3 million acres of shale leasehold it has in Poland, Hungary, and Germany. CEO Rex Tillerson almost salivated at the prospect of producing gas smack in the middle of a gas-hungry market (same dynamics as Pennsylvania's Marcellus Shale and a little town called New York City). Making that market roar, however, will be giving Eastern European consumers a stab at freedom from the nearly annual turn-ons and shut-offs of natural gas supplies from Russia via Ukraine.