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energy demand and supply
Does the world have the resources to meet rising demand? The short answer is, yes. In 2030, demand will be met, as it is now, by a wide range of energy sources. In fact, while the amount of energy supplied will rise significantly, experts agree that the proportion delivered by each source will change very little in the next quarter of a century.
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Though the share of global energy demand met by oil and gas will remain about the same, we still need to increase supply by approximately 40% in the next 25 years to meet the world’s growing needs.
ExxonMobil participates in a number of major investment projects in Europe, designed both to increase local supplies from the North Sea and to facilitate rising imports from elsewhere.
The world is becoming increasingly interdependent for its energy supplies.
