Exxon’s telling us they are running out of oil? This could be a problem for those fighting tar sands and offshore drilling. It could be a bigger problem if the US foreign policy machine decides countries like Venezuela and Iran need “liberating.”
Exxon Struggles to Find Oil – WSJ.com
Exxon Mobil, the world’s largest publicly traded oil company, is struggling to find oil. Instead, it is stocking up on natural gas, mostly through its acquisition of XTO Energy Inc. last year, according to an annual financial report by Exxon on Tuesday.