July 2013, Vol. 240 No. 7
Features
Exxon Outlook To 2040 Predicts Little Impact For Renewables, Cost On Carbon To Benefit Natural Gas
ExxonMobil’s report “The Outlook for Energy: A View to 2040,” released at a press conference with executives last spring, predicts world energy demand rising by 35% over the next 30 years, mostly due to increasing demand in Asia and population growth worldwide. With global electricity generation demand up 85% over 2010 to 117 quadrillion Btus in 2040, the company forecast that a cost on carbon emissions in the United States, at minimum, would make natural gas the most economical fuel for electricity for much of the period, beating out both coal and nuclear energy. Bill Colton, vice president of strategic planning at ExxonMobil, laid out forecasts in efficienc
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