The Hill News

Want to know how much energy the world will need over the next couple of decades and where it will come from?

Take a look at ExxonMobil’s newly released Outlook for Energy. There, you’ll find that growing populations, coupled with economic and social progress, mean the world is going to need more energy by the year 2030. And we’ll need a diverse mix of affordable energy sources to meet this demand.

Released today, our Outlook found that the world’s single largest energy source through 2030 will continue to be oil because of its importance as a transportation fuel, which will be especially in demand in fast-developing economies worldwide. But overtaking coal for the No. 2 spot in the world’s energy lineup is a cleaner-burning fuel that can help meet the world’s enormous power generation needs: ! natural gas.

Natural gas is abundant, affordable, versatile and can reduce CO2 emissions by up to 60 percent compared to coal when used to generate electricity. Because of these qualities, natural gas will be the fastest-growing major fuel through 2030, as worldwide demand increases by more than 60 percent from 2005.

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