Exxon Mobile report - The outlook for energy: a view to 2040

The Outlook for Energy is ExxonMobile's long-term view of our shared energy future. ExxonMobile develops the Outlook annualy to asses future trends in energy supply, demand and technology.

This year’s Outlook reveals a number of key findings about how we use energy, how much we will need in the future and what types of fuels will meet demand. For example:

• Efficiency will continue to play a key role in solving our energy challenges.
• Energy demand in developing nations (Non OECD) will rise 65 percent by 2040 compared to 2010, reflecting growing prosperity and expanding economies.
• With this growth comes a greater demand for electricity.
• Growth in transportation sector demand will be led by expanding commercial activity as our economies grow.
• Technology is enabling the safe development of once hard-to-produce energy resources, significantly expanding available supplies to meet the world’s changing energy needs. Oil will remain the No. 1 global fuel, while natural gas will overtake coal for the No. 2 spot.

• Evolving demand and supply patterns will open the door for increased global trade opportunities.