Exxon's view to 2040 on energy:
exxonmobil.com
43 pages, well-written. Key points:
1. winners: natgas, unconventional oil, wind, solar, nuclear, diesel, electricity, energy efficiency, China, India, Africa, hybrid cars
2. losers: coal, conventional oil, gasoline, rich world, high-MPG cars
3. global energy demand will increase only 30% in the next 30 years, all the increase in non-OECD nations
4. fossil fuels will still be 80% of total energy use in 2040
5. conventional oil production will decline, but oil sands, deepwater, tight oil, and biofuels will greatly increase
6. changes in technology are more important politics or regulation, in the long term |
