Update 2: Why a Deal between Exxon and Pioneer is Bad for the Oil Industry
Dear Readers, Here is the breaking news: Exxon Mobil (XOM.N) will buy U.S. rival Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion We are reposting the article below free of charge for all subscribers. On October 5, the Wall Street Journal…
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2 years ago · 1 like
The article gives me an overall negative feeling about shale oil. It has been my understanding that it is a necessary component of the total global oil supply. Putting aside the Exxon issue how important is shale oil for the next few decades?