Exxon’s Acquisition of XTO Sends Bullish Signal on Natural Gas
Exxon Mobil has agreed to acquire XTO Energy in a $31 billion all stock deal which values XTO at a 25% premium to Friday’s closing price. According to a Wall Street Journal article, Exxon’s move may send a bullish signal ...
T. Boone Pickens: Switch 18-Wheeler Fleet to Natural Gas
T. Boone Pickens made headlines in 2008 with his "Pickens Plan" for American energy independence. The plan, which consisted of a combination of wind farms and greater use of natural gas, was unveiled as crude oil prices reached an all ...
Natural Gas Shale Extraction – Potentially More Costly Than Expected
The price of natural gas has been a bargain lately when measured by the energy content of gas compared to crude oil. Some attempts have already been made to substitute cheap natural gas for expensive oil. While both commodities have ...
Natural Gas Fueled Flight Demonstrates Substitution Effect
Earlier this week, Qatar Airways made history by operating the first ever commercial flight using a fuel partially derived from natural gas. The flight from London to Doha used a mixture of 50% conventional jet fuel and 50% synthetic kerosene ...