Tuesday, December 15, 2009

In Exxon Deal Signs of the New Gusher

      New York Times...By:  Jad Mouawad & Clifford Krauss
Exxon Mobil has purchased XTO for
31 Billion. This acqusition extends
Exxon's bet that fossil fuels will
remain a critical part of our Nation's
energy supplies for decades.

Shale gas drilling poses some en-
vironmental concerns in the com-
munities where it occurs.

XTO reported a 23 percent jump
in gas production in the third
quarter. Exxon will assume XTO's
10 Billion in debt as part of the deal.

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