Green Car Congress

MARCH 8, 2012

Tillerson said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016. billion oil-equivalent barrels.

Saudi Arabia 231

Saudi Arabia Oil-Sands Oil 2012 231

Green Car Congress

NOVEMBER 6, 2015

The collapse in prices may mean we don’t see more white elephants like the Kashagan project in Kazakhstan, an offshore boondoggle that has required more than a decade of development, tens of billions of dollars, and still won’t come online for a few more years. The ratings agency cut its forecasted oil price for 2016 to just $48 per barrel.

Oil 150

Oil Oil-Sands Saudi Arabia Oil Prices 150

Green Car Congress

DECEMBER 8, 2011

First production is expected in 2016. Kazakhstan/Russia: Caspian Pipeline expansion. Global exploration funding is expected to be $3 billion in 2012. The project is approximately one-third complete and has awarded contracts worth more than $25 billion. The project has already awarded $6 billion in contracts.

Chevron 170

Chevron 2012 Angola Saudi Arabia 170