Via Clean Technica:
Even as more signs emerge that the natural gas bubble is heading for a colossal bust, Exxon Mobil shale gas is officially a thing. The company plunged into the shale gas market in 2010 with the acquisition of XTO Energy and weirdly enough, the recent drop in gas prices only seems to have whetted its appetite for more. Rumors are flying that Exxon Mobil is set to buy out mega-giant shale gas developer Chesapeake Energy, and in the mean time Exxon Mobil has announced that it will expand its Baytown, Texas chemical facility to convert natural gas to polyethylene, the world’s most common plastic.
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