ExxonMobil recently released its 2012 Outlook for Energy: A View to 2040, a report forecasting energy trends out for the next several decades. Among the projections highlighted in ExxonMobil’s announcement:

  • “Global energy demand is expected to rise by about 30 percent from 2010 to 2040, [but] demand growth would be approximately four times that amount without projected gains in efficiency.”
  • “ExxonMobil sees advanced hybrid vehicles accounting for 50 percent of the cars people will drive in 2040, compared to about 1 percent today. This, plus improved fuel economy in conventional vehicles, will cause demand for energy for personal vehicles to remain essentially flat through 2040 even as the number of personal vehicles in the world doubles.”
  • “Growth in nuclear capacity is expected to slow in the near-term, [but] demand for nuclear power is projected to nearly double … as nations seek to lower emissions and diversify energy sources.”
  • “By 2040, more than 15 percent of the world’s electricity will be generated by renewable fuels…”

Rex Tillerson, ExxonMobil’s Chairman and CEO, stated that this report “demonstrates that by applying innovation and technology, the world does not need to choose between economic growth and environmental stewardship.”

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