Exxon has 3 Deepwater Gulf of Mexico Discoveries
Reuters Africa reports that Exxon Mobil Corp (NYSE:XOM) has made two significant new oil discoveries and a natural gas find in the Gulf of Mexico.
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Gas Exploration Hotspots
Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
Support for Gas Industry Gaining Momentum
Legislation set to be tabled in the US Congress this week should provide a boost to the natural gas industry if it passes as expected.
Polish Shale Gas
Poland’s reserves of shale gas may be as much as 3 trillion cubic meters, according to estimates by geologists and energy consultants, potentially making the country a net exporter of gas and reducing Europe’s dependence on Russia.
Gas Prices to Increase Slowly
Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of AccuWeather.com predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.
