Energy Outlook
Of California and Texas and New York and Pennsylvania…
Several items have caught my eye in recent weeks that reinforce the old dictum that states are the laboratories of democracy. Under our system of government, states and individual localities may adopt different policy approaches on a host of issues. The lessons and success of those policies can offer valuable guidance to other lawmaking and…
The benefits of trade for global prosperity and diplomacy
My previous post discussed the abundance of natural gas brought on by energy production from shale and other so-called unconventional sources. This new energy paradigm offers tremendous economic and environmental benefits to the American people. It can also help the United States advance its global trade and diplomacy aims. National Security Advisor Tom Donilon spelled…
Big investments in the future
ExxonMobil’s earnings often get a lot of attention from politicians and the media. Far less attention is paid to the amount of money we invest to earn those profits. That’s a shame, because those numbers are quite instructive about the work we plan to do to help meet the world’s energy needs for the next several decades.
Ten Telling Energy Outlook Facts
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.
Energy and the World in 2040
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.”
U.S. oil and natural gas industry sets reserves record
Earlier this month, the United States Energy Information Administration announced that “proved reserves of U.S. oil and natural gas in 2010 rose by the highest amounts ever recorded” since EIA began publishing proved reserves estimates in 1977. This record jump is stunning news, especially considering a general trend of decreasing production between 1980 and 2000. That trend is now being reversed.
