Business Services Industry
Exxon Mobil Predicts Increase in Demand for Oil, Natural Gas.
Knight Ridder/Tribune Business News, May, 2001
By Charlene Oldham, The Dallas Morning News Knight Ridder/Tribune Business News
May 31--Demand for oil and natural gas is expected to increase 50 percent by 2020 and demand for petroleum-based energy is expected to grow by 2 to 3 percent a year, according to Exxon Mobil Corp. chairman and chief executive Lee Raymond.
But he doesn't expect Irving-based Exxon Mobil to build a sizable new U.S. refinery to turn that oil into gasoline, the petroleum-based product most Americans use every day.
"The thought of a truly significant-enough-in-scale grass-roots refinery...I can't imagine that is on anybody's drawing board," Mr. Raymond told reporters after the company's annual meeting Wednesday. "You don't make any money."
Although...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
