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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales

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ExxonMobil projects that meeting future energy demand will be supported by more efficient energy-saving practices and technologies; increased use of less-carbon-intensive fuels such as natural gas, nuclear and renewables; as well as the continued development of technology advances to develop new energy sources. Transportation fuels.

Oil-Sands 309
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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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Across OECD nations, the Outlook assumes the implied cost of policies to reduce greenhouse gas emissions will reach about $80 per tonne in 2040. The Outlook for Energy identifies a significant evolution in the trade of oil and other liquids. Half of that increase will come from the Asia Pacific region, led by China.

Energy 252
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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.). Unless addressed, pipeline security issues will impede investment in Turkey, Bartis suggested.

Price 225
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Canada Launches Algal Biofuels Project

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Speaking in Halifax, the Honorable Gary Goodyear, Minister of State (Science and Technology), made the announcement at the launch of the algal biofuel project at the National Research Council Institute for Marine Biosciences (NRC-IMB). In parallel, scientists are also working to develop technology to effectively extract the oil.

Canada 286