A Look At Our Energy Tomorrow
Tuesday January 26, 2016
A couple of the big-picture projections in ExxonMobil's annual global energy outlook: The world's energy needs will grow 25 percent between now until 2040, with oil, natural gas and coal continuing to meet 80 percent of that demand.
Now, read what the energy company says about the future of natural gas:
The biggest expected growth will be in natural gas, which provides a practical energy solution for many applications while also providing a significant cost advantage versus other options to help reduce climate change risks.
This basically describes the U.S. Model†we've been talking about for a number of weeks. It's a model that includes increased natural gas and oil production lifting our economy and benefiting American consumers that also leads to significant climate progress. This model isn't energy theory. It's the current U.S. energy reality.
Thanks to the American energy revolution, the U.S. is the world's leading producer of oil and natural gas. The revolution is helping U.S. consumers in the form of lower energy costs, and it is strengthening American security by lowering oil imports. As for climate, increased use of natural gas is a chief reason the U.S. is leading the world in reducing energy-related carbon emissions.
It's a proven model, one that can continue to work in the years ahead. ExxonMobil sees the world shifting to cleaner fuels for its electricity out to 2040:
