Energy Outlook
Who knew? Like natural gas, U.S. crude oil production soaring
America’s recent increase in oil output – not the total production figure, just the increase – is more than the daily production from major oil-producing nations like Venezuela, Nigeria, Kazakhstan, Angola, and Libya.
Energy Outlook video available
Last week in Washington, Bill Colton and I explained the economic and technological assumptions underpinning ExxonMobil’s Outlook for Energy.
Outlook for Energy charts how global markets evolve
ExxonMobil just released our annual Outlook for Energy, which we use to guide our long-term business decisions. We also make the Outlook public to help policymakers and other stakeholders understand the global energy and economic trends.
ExxonMobil on carbon policy and business planning
Recently there has been media interest in how large corporations like ExxonMobil address the potential for new regulations addressing climate change risk when drawing up future business plans. In light of this, I thought the most helpful thing would be to share our corporation’s view on the topic.
Shale’s competitive advantage; a tale of two continents
As recently as 2011, North America and Western Europe each produced the same amount of basic chemicals and plastics: about 30 million tons apiece. When it came to petrochemical production, the two regions were matched fairly evenly. But not for long. By 2020, North American output will more than double to 70 million tons, while in Europe it will shrink by fully one-third.
Who wouldn’t like an extra $1,200?
Twelve hundred dollars. According to a new study, that’s how much money the average American family gained in discretionary income last year as a consequence of the shale energy revolution.
