Wednesday, January 20, 2010

Positive News for Natural Gas: Lawmaker Criticism Muted At Exxon-XTO Hearing

January 20, 2010

RELATED TICKERS: CHK , XTO , XOM

Consistent with Mr. Miller's prior analysis and opinion, Washington will not interfere with the Natural Gas market. As Mr. Miller and other analyst have opined, the biggest risk that might come out of Washington in 2010 is a taxes.

See Mr. Miller's prior analysis "Wall Street Backs Industry Icon Karl W. Miller on Bi-Partisan U.S. Energy Policy Initiatives" by going to:

http://www.investorideas.com/news/121909.asp

Also refer to Mr. Miller's analysis "Why the U.S. Natural Gas Industry is NOT in a State of Permanent Excess Supply" by going to:

http://www.investorideas.com/news/123009a.asp

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Exerpts from the Wall Street Journal Article regarding the Exxon-XTO Hearing today are below.

WASHINGTON (Dow Jones)--U.S. lawmakers on Wednesday opened a hearing into Exxon Mobil Corp.'s (XOM) planned purchase of gas producer XTO Energy Inc. (XTO) with upbeat comments about natural gas and limited criticism of the controversial drilling technique that is at the heart of the merger.

Rep. Ed Markey, (D., Mass.) said the deal highlighted "the brightening outlook for natural gas supplies," which he said would be essential to helping meet U.S. energy needs as the country shifts away from dirtier fossil fuels.

To see entire article go to:

http://online.wsj.com/article/BT-CO-20100120-711654.html?......

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