Quote:
Originally Posted by bizkitgto
The whole morality thing is just public relations image thing to make sure investors in Europe stay happy with Shell. Shell is a major blue chip in Europe and is in every major pension fund, and with the growing hostility from public opinion in the EU towards oil companies you can bet Shell is getting nervous. That, and they have a lot of debt associated with their BG takeover. I don't think Exxon cares as much as Shell about their clean/morality image.
Why are they going balls deep into gas? Is there just no more oil to go after outside of OPEC?
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I believe they see it as the future of fuel, which is totally reasonable as it is the cleaner option between it, coal, and oil. This should also theoretically keep them in Alberta as we have lots of gas here as well. The two major prongs of growth here are going to be Oil Sands and Montney Gas. Those are Western Canada's only world class resources worth writing home about, meagre conventional oil won't be enough for this province to make its nut.