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Exxon Mobil (XOM) is considering entering the U.K.’s nascent shale gas industry, the...

Exxon Mobil (XOM) is considering entering the U.K.’s nascent shale gas industry, the Sunday Times reports, just six months after withdrawing from Poland’s more mature sector. XOM's interest will be a boost to the government, which last week lifted an 18-month ban on fracking; FT says the U.K. economy already has benefited to the tune of $90B in investments thanks to the shale boom.
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  • User 353732
    , contributor
    Comments (4910) | Send Message
     
    If Exxon and its peers can succeed in England the production of shale gas could be as invigorating for the UK economy as North Sea oil was over a generation ago and convince Germany that it too should develop its shale resources
    18 Dec 2012, 05:35 AM Reply Like
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