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    ExxonMobil Releases New Outlook for Energy: A View to 2030
    Posted on Thursday, November 08, 2007 @ 22:45:24 GMT by vlad

    General ..."Ready access to reliable, affordable energy is essential to economic prosperity worldwide," said Rex W. Tillerson, chairman and chief executive.

    "Our challenge is to meet energy demand with practical, broad-based solutions that promote economic development and energy security while balancing the need to protect our environment."...


    IRVING, TEXAS, November 5 /CNW/ - Continued economic progress, population growth and the pursuit of improved living standards in the developing world will be the key driver of global energy demand over the next two decades, Exxon Mobil Corporation (NYSE:XOM) said today, releasing the corporation's Outlook for Energy: A View to 2030.

    "Ready access to reliable, affordable energy is essential to economic prosperity worldwide," said Rex W. Tillerson, chairman and chief executive.

    "Our challenge is to meet energy demand with practical, broad-based solutions that promote economic development and energy security while balancing the need to protect our environment."

    The Outlook for Energy is developed annually, and is the product of an ongoing process that has been conducted over decades. The results are used to assist ExxonMobil's business planning and to increase public understanding of the world's energy needs and challenges. The outlook is developed through a detailed analysis of approximately 100 countries, 15 demand sectors and 20 fuel types and is underpinned by economic and population projections and expectations of significant energy efficiency improvements and technology advancements.

    Among this year's findings:

    -- Annual energy demand growth is expected to average 1.3 percent per year from 2005 to 2030.

    -- Energy demand growth in the developing world, which includes countries that are not members of the Organization for Economic Cooperation and Development (OECD), is expected to be two percent per year -- four times that of the developed world at 0.5 percent per year.

    -- A wide variety of energy sources will be required to meet global demand, which is expected to be one-third higher by 2030 compared to today, reaching close to the daily equivalent of 325 million barrels of oil.

    -- Hydrocarbons will continue to account for about 80 percent of energy demand through 2030; oil and gas alone will account for approximately 60 percent.

    -- Among renewable energy sources, wind, solar and biofuels grow rapidly at about 9 percent per year, reflecting government subsidies and mandates. These energy sources currently represent about 0.5 percent of world energy, and are expected to reach approximately 2 percent by 2030.

    -- Energy efficiency as measured by energy intensity -- global energy demand divided by global GDP -- has been improving by approximately 1 percent per year since 1980. Improvements are expected to accelerate with development and deployment of advanced technologies and average 1.6 percent per year in the future.

    -- Projected growth of emissions of carbon dioxide from energy use varies in the developed and developing world. Increased reliance on coal and strong growth in all fossil fuel use is expected to increase energy-related CO2 emissions in the developing world by 2 percent per year. Overall low energy demand growth combined with a shrinking reliance on coal will keep CO2 emissions in the developed world almost constant through 2030. On a global basis, energy-related CO2 emissions will increase to an annual level of 37 billion tonnes by 2030, compared to 27 billion tonnes in 2005.

    -- Slowing the growth of carbon dioxide emissions will require global participation, step changes in energy efficiency, technology gains and massive investment over decades. Substantial and cost-effective CO2 reduction efforts will need to maximize the use of markets and reach broadly across the economy, involving everyone from producers to consumers.

    "The energy challenges faced by the world are undeniable," said Tillerson. "Economic progress will drive energy demand, oil and gas will remain indispensable for the foreseeable future, and a global effort will be required to tackle greenhouse gas emissions.

    "ExxonMobil's Energy Outlook provides us with an opportunity to use a common set of data in seeking solutions to the world's energy challenges. Understanding the outlook for energy and thoughtfully examining our options is essential."

    For more information on the Outlook for Energy: A View to 2030, visit www.exxonmobil.com/energyoutlook.

    CAUTIONARY STATEMENT: This press release includes forward-looking statements. Actual future conditions, including growth in energy demand, energy supply mix, energy efficiency, and CO2 emissions could differ materially due to changes in rates of economic growth; changes in technology; the development of new energy supply sources; political events; demographic changes; and other factors discussed under the heading "Factors Affecting Future Results" in the "Investors" section of our website (www.exxonmobil.com) and in Item 1A of our most recent Form 10-K.


    For further information: ExxonMobil Alan Jeffers, 972-444-1107

    Source: http://www.newswire.ca/

     
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    "ExxonMobil Releases New Outlook for Energy: A View to 2030" | Login/Create an Account | 2 comments | Search Discussion
    The comments are owned by the poster. We aren't responsible for their content.

    No Comments Allowed for Anonymous, please register

    Re: ExxonMobil Releases New Outlook for Energy: A View to 2030 (Score: 1)
    by modernsteam on Friday, November 09, 2007 @ 09:09:24 GMT
    (User Info | Send a Message)
    Hi everyone:

    My take on Tillerson of Exxon, given Exxon's, Essso's, and S.O.'s record of fuel efficiency suppression (eg., the Pogue carburetor, I believe) and apparent suppression of New over-unity Energy systems from water-based and vacuum energy technologies, is that he is lying to the public. What takes the cake is his insistence that "Hydrocarbons will continue to account for about 80 percent of energy demand through 2030; oil and gas alone will account for approximately 60 percent." from his point of view. I think he believes that, and that he accepts the resulting increased CO2 blanket and toxic air and water pollutants as inevitable.

    But we N-E types know better, don't we.

    BTW, do oil companies really pay the auto manufacturers not to improve fuel efficiency by much? Or is that just my imagination now?

    Hal Ade



    Rising Demand for Oil Provokes New Energy Crisis (Score: 1)
    by vlad on Friday, November 09, 2007 @ 22:22:51 GMT
    (User Info | Send a Message) http://www.zpenergy.com
    By JAD MOUAWAD
    Published: November 9, 2007

    With oil prices approaching the symbolic threshold of $100 a barrel, the world is headed toward its third energy shock in a generation. But today’s surge is fundamentally different from the previous oil crises, with broad and longer-lasting global implications...

    Full story: http://www.nytimes.com/ [www.nytimes.com]
    ---------

    Energy Politics And The Need For Restraint

    Don Nickles and Charles Stenholm 11.09.07, 6:00 AM ET

    WASHINGTON, D.C. -

    Backed with tough rhetoric aimed at assuaging varying but vocal constituencies--from angry consumers to environmentally conscious voters--Congress has put forth a host of aggressive, and divergent, policies purportedly aimed at addressing the nation's energy and environmental challenges. One enormous challenge overlooked, however, is that of taming Congress itself.

    As Congress has proven time and again, too often the urge to act overshoots the appropriate response. The byproduct of this near-institutionalized behavior often comes in the form of misguided laws and regulations that can either intensify existing problems or present hosts of new and unintended economic consequences. Evidence of such conduct is again on full display this month as the House and Senate attempt to hammer out differences between their competing "energy" bills.

    Sadly, the "energy" bills coming out of both chambers contradict their implied intent. In fact, little if any new energy production would result. Instead, they would actually limit production of needed energy resources, raise energy costs and slow our economy. If ever there was a clear example of the need for Congressional restraint, it is these two bills, which should be voted down in both chambers.

    ...

    Full story: http://www.forbes.com/opinions/ [www.forbes.com]





     

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