Reply to "Exxon buys Natural Gas Co. for $31B"

Former Member

quote:
Originally posted by Sunil:
Exxon maybe hopes to export this gas to China, Natural gas will soon be displaced by shale gas in the US. Shale gas abounds in the US once concerns about rock fracturing is settled. When I worked in Venezuela we used to burn off the gas as it not commercially viable to sell or export, even now most households in Venezuela pay a flat rate of US$30/year for gas.

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Yes the plan is to export to China.

What is Shale gas? Don't we all wish our gas bill was $30.

4/19/107:07 PM

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