Tillerson disagrees with Saudi Arabia about future supplies Exxon boss presents upbeat outlook for U.S. shale production The world’s largest publicly listed oil company says ample production from U.S. shale regions will keep prices subdued for years to come, disagreeing with others in the industry who have warned about a looming shortage. Rex Tillerson, chief executive officer at Exxon Mobil Corp., presented an upbeat view of how technology will allow companies to pump more, preventing a price “blow out” in the future. Falling costs in America’s shale fields will counteract OPEC’s renewed commitment to supply management and the long-term effect of underinvestment in exploration. “I don’t necessarily have the view that we are setting ourselves up for some big collapse in supply within the next three, four, five years,” he told executives and officials at the annual Oil & Money conference in London. Tillerson, who has worked at Exxon […]