Energy Outlook
Is the world running out of oil?
Recently, Newsweek invited its Twitter followers to suggest topics to discuss here on this blog. We had a great response and a lot of ideas. But I noticed that one theme kept coming up: Is the world running out of oil? This is a legitimate question, and one that those of us at ExxonMobil hear frequently; so, I’d like to address it.
DOI’s offshore plan: a missed economic opportunity that also weakens U.S. energy security
Despite everything we learned about the effects on jobs, local economies and U.S. energy security caused by this summer’s moratorium on offshore drilling, the Administration has decided to proceed with a more extensive and far more damaging halt on offshore development than we have seen to date.
Our most powerful energy solution? Efficiency.
It might look like a trivia question, but it’s quite the opposite. As you might have seen, we posed a question on the front page of today’s Wall Street Journal: What will make the single biggest contribution to meeting global energy needs in coming decades? The correct answer is not oil. It’s not nuclear, solar or any other energy source. The answer is improved energy efficiency.
Global growth drives increasing energy needs
The International Energy Agency published its latest World Energy Outlook last week, and the report outlines several global energy scenarios to 2035 – highlighting possible implications for energy supply, demand, technology, emissions and investments. As we review and assess some of the key conclusions in the report – which I’ll talk about in future posts – it’s clear we agree with the IEA on a couple of their most fundamental conclusions.
Natural gas gets a presidential endorsement
In the wake of the recent election results, President Obama made some interesting comments regarding the future of energy policy in the U.S. “We’ve got, I think, broad agreement that we’ve got terrific natural gas resources in this country,” the president said in response to a question from the White House press gallery. He continued: “Are we doing everything we can to develop those?” We agree with the president about the promise of U.S. natural gas resources, for a number of reasons.
Good energy policy makes for good economic policy – no matter who is in the majority
While news outlets around the country continue to debate the impact of the mid-term elections, I’d like to talk about a topic that was of importance long before political ads dominated TV — and it will continue to be important long after the political analysis of this week’s election ends. That topic is good energy policy.
