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Analysts: Marcellus to produce fuel of choice
|Marcellus Shale gas will contribute to landmark changes to energy markets facing the age of global warming.|
That's the forecast of analysts and industry representatives following Exxon Mobil's purchase of XTO energy last week. The world's largest energy company is reinforcing industry's growing confidence that vast domestic shale gas plays, like the Marcellus, will become the fuel of choice for a burgeoning number of utility plants and vehicles.
The Exxon deal includes drilling rights to 47,000 acres in the Deposit area over a lucrative section of the Marcellus Shale.
"There is broad recognition that we will be living in a carbon-constrained world," said Chris Tucker, a spokesman for Energy In Depth, a Washington based trade group. "This is the direction that everybody is moving in."
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