Items Tagged With Big Oil

"The world is not running out of energy resources, but there are accumulating risks to continuing expansion of oil and natural gas production from the conventional sources relied upon historically," said Alan Kelly, who was ExxonMobil Corp.'s (XOM) general manager of corporate planning before he was selected for this project. "These risks create significant challenges to meeting projected total energy demand."

To mitigate the risks, the report said it will urge "expansion of all economic energy sources," including coal, nuclear, biomass, renewables and unconventional oil and natural gas such as that from oil shale and tar sands.