All Posts from December, 2012

An extraordinary year for energy

Posted: December 31, 2012 by Ken Cohen

I have written recently about ExxonMobil’s Outlook for Energy, which looks out to 2040 about future economic and energy trends that will shape our world. But as we close out 2012, it’s worth looking back on a few developments that made this year so extraordinary, many of which I covered at ExxonMobil Perspectives.

Ten Telling Energy Outlook Facts

Posted: December 28, 2012 by Ken Cohen

As we look ahead to 2013, we thought it would be a good time to take stock of 10 thought-provoking facts gleaned from ExxonMobil’s just released report, The Outlook for Energy: A View to 2040. Each number offers fresh insight into the way the world uses energy now and will likely use energy in the decades ahead. And as we look forward to the year 2040, we can foresee a dynamic world of growth and change.


Preamble to American Constitution

A Constitutional lesson on exports

Posted: December 20, 2012 by Ken Cohen

As the public dialogue progresses on whether the federal government should restrict exports of natural gas, it’s important to note that our nation’s discussion of free trade goes back to its earliest days. The compromise on exports that emerged from the Constitutional Convention in 1787 has played a positive role in shaping America’s economic history – helping transform a loose affiliation of disparate colonies into a dynamic and innovative economic powerhouse.

Most reports about the British government’s decision to rescind its moratorium on exploratory hydraulic fracturing have focused on the economic and environmental advantages of going forward with energy production from shale. But it’s important to note an equally important factor that weighed in the government’s decision: the science that convinced authorities that hydraulic fracturing could be done safely and responsibly in the United Kingdom – just like it is in the United States.


Energy and the World in 2040

Posted: December 11, 2012 by Ken Cohen

ExxonMobil’s Outlook for Energy: A View to 2040 is our annual report on global energy trends to guide our business strategies and investments for meeting future demand. We also make our projections public because we recognize the value they offer to those with an interest in energy issues. As CEO Rex Tillerson has noted, “Understanding future energy trends is critical for effective policy decisions that can help ensure safe, reliable and affordable energy development and economic growth, job creation and expanded global trade.”

The government has released a long-awaited study concluding the U.S. economy as a whole would benefit from exports of some of the abundant natural gas supplies that have been unlocked by the industry’s new technologies. The study looked at all sectors of the economy and in every scenario concluded the net gains from exporting natural gas were greater than any localized loss. This is how free trade works — whether you’re talking about U.S. exports of wheat, computers, or automobiles.