Economics
Exxon, Shell See U.S.-Led Gas Boom Boosting Global Growth
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Exxon Mobil Corp., the world’s biggest energy company, and Royal Dutch Shell Plc said a U.S.- led transformation of the natural-gas market will boost the global economy even as oil becomes more expensive.
“Natural gas is quickly becoming a key enabler of economic growth and environmental progress around the world,” Rex W. Tillerson, chief executive officer of Exxon, said at a conference today in Kuala Lumpur. “We are living at a historic moment in the evolution of energy markets. How we respond will shape the quality of life for generations to come.”