This week, Exxon acquired XTO Energy, one of the largest domestic producers of natural gas. Natural gas is considered a cheaper and greener form of energy due to its somewhat lower carbon footprint... but the companies who may own the natural gas market may wind up being the same oil giants we already know. Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, is joined by Lisa Margonelli, from the New America Foundation, to explain what these developments in the natural gas market signify.
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Comments [2]
Here we go. Giants gobbling giants and the corporatization of the world goes on, unnoticed and unstoppable.
Great insights from both guests... there are many positives to this turning inward on domestic natural gas supplies -- though we might prepare for some heated debates ahead as the 'anti' position to natural gas starts to emerge. ('Fracking' based development is just ripe for attacking)
Natgas is a versatile resource and I suspect has a bright future in a wide range of market scenarios. Today, I wrote a post on the many futures of natural gas- in a world disrupted by distributed power generation, electric cars and nano-materials. NatGas does well in a host of 'what if' futures...
http://www.garrygolden.net/2009/12/17/exxons-big-bet-on-the-many-futures-of-natural-gas/
Garry G
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