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    Bloomberg: Shell’s Bet on Gas Underscores Big Oil’s Push to Replace Coal

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Summary

In a comment piece, Bloomberg looks at Shell's acquisition of BG Group and its focus on LNG and how it's part of a drive to replace goal with gas

by: Erica Mills

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Bloomberg: Shell’s Bet on Gas Underscores Big Oil’s Push to Replace Coal

BP Plc coined the slogan “Beyond Petroleum.” The new industry mantra might be “Beyond Oil and Into Gas.” Oh, and while we’re at it, “Down With Coal.”

Consider Royal Dutch Shell Plc’s recent $70 billion acquisition of BG Group Plc -- clearly a huge bet that natural gas will prove to be its cash cow of the future.

Read the full article HERE.

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