ExxonMobil's 25-year outlook for energy
Posted: Thu Dec 22, 2016 5:41 pm
ExxonMobil sees a rosy energy future underpinned by global oil and gas demand
“Over the next several decades, we see seven key themes that will shape our energy landscape,” William Colton, ExxonMobil’s (ticker: XOM) VP of corporate strategic planning, said about the company’s newest energy outlook.
“The future we expect to see in 2040 will be one of greater prosperity for more people, increased economic growth, and more robust international trade, as well as vastly improved efficiency and falling emissions,” Colton said.
Here is the future that ExxonMobil sees:
1.Energy will underpin economic growth.
2.Developing countries will lead the way for energy demand.
3.The global energy mix will continue to evolve; nuclear and renewables in particular will grow strongly, approaching a 25 percent share of the world’s energy in 2040.
4.Natural gas will lead the growth in global energy demand.
5.Oil will continue to play a leading role, with demand driven by fuel for transportation and feedstock for petrochemicals.
6.Energy-related CO2 emissions will peak during the 2030s and then begin to decline even as global GDP grows.
7.Technological advances will enable improved efficiency, slow energy demand growth, and open up new supplies of energy. Technology will help moderate the carbon intensity of energy use, which will help lower the carbon intensity of the world economy by 45 percent by 2040.
Link to full report: http://corporate.exxonmobil.com/en/ener ... gy-outlook
“Over the next several decades, we see seven key themes that will shape our energy landscape,” William Colton, ExxonMobil’s (ticker: XOM) VP of corporate strategic planning, said about the company’s newest energy outlook.
“The future we expect to see in 2040 will be one of greater prosperity for more people, increased economic growth, and more robust international trade, as well as vastly improved efficiency and falling emissions,” Colton said.
Here is the future that ExxonMobil sees:
1.Energy will underpin economic growth.
2.Developing countries will lead the way for energy demand.
3.The global energy mix will continue to evolve; nuclear and renewables in particular will grow strongly, approaching a 25 percent share of the world’s energy in 2040.
4.Natural gas will lead the growth in global energy demand.
5.Oil will continue to play a leading role, with demand driven by fuel for transportation and feedstock for petrochemicals.
6.Energy-related CO2 emissions will peak during the 2030s and then begin to decline even as global GDP grows.
7.Technological advances will enable improved efficiency, slow energy demand growth, and open up new supplies of energy. Technology will help moderate the carbon intensity of energy use, which will help lower the carbon intensity of the world economy by 45 percent by 2040.
Link to full report: http://corporate.exxonmobil.com/en/ener ... gy-outlook