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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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China will see the largest increase—more than 4 million oil-equivalent barrels per day. Diesel will also play a more significant role in the marine sector in the latter half of the Outlook period, in response to stricter marine emissions standards. billion people are currently without access to electricity.

Oil-Sands 309
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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
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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 identifies a significant evolution in the trade of oil and other liquids. A major shift is seen as North America will likely become a net exporter of liquids by 2020 as supplies of tight oil, natural gas liquids and bitumen from oil sands increase. —Outlook.

Energy 252