Conoco CEO says shale resources play key role in U.S. economy

04/26/2012 | Houston Chronicle (tiered subscription model)

Shale oil and natural gas have altered North America's position in worldwide fossil fuel production and have moved the continent one step closer to energy independence, said James Mulva, chairman and CEO of ConocoPhillips. Shale resources are a "gift" and a "blessing," Mulva said during a conference in Houston. "You can really continue to grow the economy and the standard of living. And it's a helpful investment in putting people back to work," he said.

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