It is projected that the worlds energy needs will grow 25 percent between now until 2040, with oil, natural gas and coal continuing to meet 80 percent of that demand.
Take a look as some of the big-picture projections in ExxonMobil’s annual global energy outlook. The Energy company says the future is in 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.
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. Exxon Mobil sees the world shifting to cleaner fuels for its electricity out to 2040.
- See more at: http://www.energytomorrow.org/blog/2016/01/25/a-look-at-our-energy-tomorrow#sthash.kxb5ajPb.dpuf