ExxonMobil: Energy demand to increase 50% by 2030

Energy demand, driven by economic progress and population growth, will increase about 50% from the current 205 million boe/d level to 335 million boe/d by 2030, reported ExxonMobil Corp. in an annual long-term outlook of worldwide economic growth and energy demand.Technology advances will remain critical to meeting energy challenges, and energy efficiency will become increasingly important, the company said.The report indicated that about 80% of the demand increase will occur in developing nations.Oil, gas, and coal will remain dominant, with a roughly 80% share of total available energy. Oil and gas resources will remain adequate-with growing oil contributions from the Organization of Pe...

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