Wednesday, June 27, 2012

Exxon Mobil CEO says domestic natural gas prices are too low, Reuters says


Exxon Mobil (XOM) CEO Rex Tillerson said U.S. natural gas prices are not sustainable for the energy industry to cover the cost of finding and producing new supply, reports Reuters. In a presentation at the council of Foreign Relations, Tillerson said "we are all losing our shirts today."

No comments: