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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (642919)1/20/2012 5:29:48 PM
From: Brumar89  Read Replies (1) | Respond to of 1579345
 
Really? You mentioned XOM, why did they buy XTO, a firm that produced primarily shale gas? Adding to US ng reserves they already had. Other big oil companies h/b buying into shale gas too. The more ng is used, the higher ng prices will go and they dirt cheap right now.

It's not like people are going to stop using oil. If they believed that they wouldn't be investing in Alberta's oil sands.