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Exxon says oil and gas will still dominate energy in 2040

from The Associated Press via PennEnergy

The way oil giant Exxon Mobil sees it, the global energy landscape won't be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the energy supply. Coal will fall behind natural gas to become the third-largest source of energy. Exxon forecasts that emerging renewables such as solar and wind power will triple but remain small — just 4 percent of the world's energy. And carbon emissions will continue rising until around 2030, when cuts in industrialized nations gain traction lead an overall reduction. more


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