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Energy and human progress
Aswe step into the futurewith high-tech development, thriving economy and
population growth, the demand for energy in any formwill experience a large increase.
Here are some energy facts fromExxonMobil’s 2014Outlook for Energy report.
Energy is everywhere and it
transforms everything …
Think about it. Energy is all around us.
Vital in virtually every aspect of our lives,
it’s remarkable that the value of energy
doesn’t get broader recognition.
People and economies need
energy to grow and thrive …
From 2010 to 2040, the world’s population
is projected to rise from 7 billion to nearly
9 billion, and the global economy will be
more than double. Over that same period,
Why energy?
Do we ever pause to reflect on the pervasive importance of energy to our lives? Not many of us do given the convenience
and reliability of the energy we use. But providing energy wherever and whenever people need it is not easy or automatic.
The benefits we get from every flip of a light switch – or turn of an engine key or push of an “on” button – reflect decades
of scientific advancement and enormous levels of investment. Essentially every taskwe performand every product we use
throughout the day ismade possible because of energy.
To understandmore about energy and the issues shaping theworld’s energy future, read ‘The Outlook for Energy: A View to
2040’, ExxonMobil’s long-termglobal viewof energydemand and supply. Download the full report atwww.exxonmobil.com
global energy demand is likely to rise by
about 35%.
Growing urbanisation drives
energy demand …
As we have seen in developed economies
over the previous century, one important
fundamental of energy demand is the
migration of populations from rural to
urban areas. Naturally, the expansion of
urban infrastructure creates demand for
iron, steel, cement and other industrial
goods that are energy intensive. Higher
income levels combined wi th an
expanding middle class, leads to a higher
penetration of consumer electronics,
personal vehicles, and other demands
for energy.
Urbanisation brings a shift away
from traditional fuels ...
In India and Africa, millions of people
still get a significant amount of energy
from biomass fuels like wood. Growth
in the use of these fuels is slowing in
favour of modern energy such as natural
gas, liquefied petroleum gas (LPG) and
electricity. Modern fuels burn much
cleaner, and are far more efficient.
Meeting global demand …
All energy sources should be pursued to
meet global demand through 2040. New
technologies will continue to expand the
world’s energy options. While oil will
remain the fuel of choice for transportation,
natural gas is emerging strongly as a
growing fuel of choice for other sectors.
Utilities and other consumers are turning
to this abundant, affordable and clean-
burning fuel. Half of the growth in demand
for natural gas is being driven by the need
for electricity around the world, which is
expected to increase by 90% from 2010
to 2040. Nuclear and renewable energy
will also grow to support electricity needs.