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predictions

(AP Photo/Hasan Jamali)

US oil boom’s end in sight, feds say

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U.S. oil production is on track to reach a near historic high by 2016, before leveling off and eventually beginning to taper in 2020, according to a new federal forecast.
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Exxon Mobil predicts surge in electricity from nuclear & natural gas at the expense of coal

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Natural gas and nuclear power could help meet a surging demand for electricity across the globe over the next three decades as growing environmental concerns and costs start to price coal out of the market, Exxon Mobil predicted today.