By acquiring XTO Energy (XTO +15.1%), Exxon Mobil (XOM -4.2%) is essentially making a $31B bet...


By acquiring XTO Energy (XTO +15.1%), Exxon Mobil (XOM -4.2%) is essentially making a $31B bet that gas will be America's fossil-fuel power generator of choice. XTO's specialty in onshore extraction from tough fields is a big commitment for Exxon, the most conservative company in a conservative industry.
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Comments (2)
  • Gary Jakacky
    , contributor
    Comments (2949) | Send Message
     
    Unless the envirowhackos and priests of Global Warmingism cook up some more fictional data, I think this is a smart move by a smart company. Maybe they can 'hide the decline' in XOMs stock price!
    14 Dec 2009, 03:22 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (9704) | Send Message
     
    when everybody plugs in those electrical car, what do you think they'll use to fuel the car? Either nat gas or coal.
    14 Dec 2009, 04:32 PM Reply Like
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