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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

Green Car Congress

DECEMBER 10, 2014

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

Energy

Energy Global 2010 Oil-Sands

Strong Dollar Could Cap Oil Prices

Green Car Congress

JULY 28, 2018

dollar poses an obstacle to further gains in oil prices. As Reuters points out , in dollar terms the price of Brent oil has climbed 9 percent this year, but in yuan terms oil is now nearly 14 percent more expensive. Argentina, Brazil, Turkey and South Africa have seen significant depreciations in their currencies this year.

Oil Prices

Oil Prices Oil Price South Africa

EV Driven

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

Strong Dollar Could Cap Oil Prices

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