ExxonMobil (XOM) CEO Rex Tillerson warns that too much red tape could undermine the...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil (XOM) CEO Rex Tillerson warns that too much red tape could undermine the rapid global expansion of gas output from unconventional sources: "If government puts the development of these new sources of energy at a standstill, they will find their economies walking backwards." The U.S. needs a "sound" energy policy, and putting off such a policy is "not particularly useful."