Royal Dutch Shell to Buy Pennsylvania Natural Gas Company

Friday, May 28, 2010

While oil is subject to environmental disasters and oscillating prices, the prices of natural gas remains relatively cheap and seemingly less risky. This morning, Royal Dutch Shell announced plans to buy Pennsylvania's East Resources Inc., one of the biggest explorers of a natural gas field that stretches from New York to West Virginia.

Shell officials have said they believe that while gas prices are currently low, they will recover in the long run. Russell Padmore, BBC Business reporter, explains the deal and why the U.S. is not threatened when a European company buys an American one.

Guests:

Russell Padmore

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