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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply. The outlook is developed by examining energy supply and demand trends in 100 countries, 15 demand sectors covering all manner of personal and business needs and 20 different energy types. Outlook for Energy.

Energy 252
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EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand

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Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.

Asia 341
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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

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Growth is led by developing regions such as China, India, Africa and other emerging economies. Demand for oil and other liquid fuels will rise by nearly 30%, and most of that increase will be linked to transportation. This edition of the annual Outlook marks the first extension of the long-term energy forecast to 2040.

Personal 408
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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February also saw the publication of a Los Angeles Times interview with US Secretary of Energy Steven Chu ( earlier post ), in which he voiced concern that the effects of climate change could decimate California’s agriculture as well as its urban water supplies. Canada’s 2009 GHG emissions are 48.7%

Climate 236