Watching Government: Gems from Noto's recollections

Lucio Noto supplied interesting details as he reminisced Apr. 29 about the merger that created ExxonMobil Corp. in 1999. He also made some remarkable observations about the oil and gas business—and governments, both domestic and foreign—today. "I suspect there will be more mergers and acquisitions in this industry," the former Mobil Corp. chairman told an audience at Johns Hopkins University's School for Advance International Studies. "We will need to develop oil and gas resources for the next 25 years. The amount of energy the world needs will be 35-40% more than it uses now. If I were the US administration, I'd be looking for a way to turn [fossil energy] into acceptable ...

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