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Thank you. Macmillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Tuesday, November

28th. A few weeks ago, we told you about a big shake-up in the oil industry, both Exxon and Chevron announcing deals to acquire other major players in the gas game.

Exxon acquired pioneer natural resources for almost $60 billion, the largest deal since the company's merger with mobile in 1999.

And the same month, Chevron announced

it was buying Hess to the tune of 53 billion bucks. The deals were significant not just because

they happened within weeks of each other, but because they both seem to signal a bet that

U.S. energy policy wouldn't push fossil fuels out of favor, for now, at least,

not in any major way. The International Energy Agency's latest annual report predicted that demand

for coal, oil, and natural gas will hit an all-time high in 2030. That explains why companies

...