EnergyFactor By ExxonMobil | Pespectives has a new home


All Posts from January, 2014

A look at ExxonMobil in 2013

Posted: January 31, 2014 by Ken Cohen

ExxonMobil closed the books on a strong performance in 2013 with our year-end earnings announcement. Here are some of the highlights.

A recent take on trade economics in the The Washington Post gets the basic principle about the trade balance right.

New study: Fracking saves water

Posted: January 28, 2014 by Ken Cohen

A new study by University of Texas researchers adds sorely needed facts and context to the discussions over hydraulic fracturing and water consumption taking place around the country.

The average shale well in the United States uses about three million or four million gallons. That might seem like a lot, so it’s important to put that number into perspective. The amount of water used in fracking is a tiny fraction of total water demand, usually less than one per cent.

America’s recent increase in oil output – not the total production figure, just the increase – is more than the daily production from major oil-producing nations like Venezuela, Nigeria, Kazakhstan, Angola, and Libya.

The Center for American Progress has a nearly perfect record in its pronouncements about the tax treatment of the oil and gas industry. Without exception, they are always wrong.

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