Projections that the global middle class will increase by 1.7 billion people over the next two decades means a lot more energy will be needed in the years ahead to move planes, trains and automobiles.
In 2017, the world used 562 quadrillion BTUs of energy in the form of oil, natural gas, coal, nuclear and renewables. But most of us don’t understand how this statistic is reflected in what we do each day.
Whether it’s flipping on lights, fueling at a gas station or turning on the air conditioner, energy is taken for granted in much of the world.
But especially in developing countries, that convenience can still...
Access to reliable, affordable energy has completely transformed how people live, communicate, travel, conduct business, build infrastructure and so much more.
And in the coming decades, even more people will...
From advanced engines to better aerodynamics, today’s cars are more efficient than their predecessors.
Thanks to these improvements, over the next 20 years, car consumption (including SUVs and light trucks) is...
The invisible hand of efficiency gain in cars, appliances and gadgets pushes us to do more with less energy – making our energy footprint lighter with every new upgrade, version and model.
Natural gas is poised to become an even more predominant fuel in the 21st century because the global economy is expanding and energy is a key driver in this economic success story. This is especially true across...
Earlier this year we published additional corporate disclosures on the risks climate change might pose to our company, including an analysis of what a 2-degree Celsius scenario might mean for our reserves and...
The map of the world doesn’t change much. We know Spain is still tucked between Portugal and France, and Canada remains fixed to the north of the United States. But, when it comes to new oil and gas discoveries,...
Projecting global energy trends almost 25 years into the future is a study of human potential: how it’s cultivated, or limited, by the resources available. There is no crystal ball that can predict breakthrough...
More drivers and motorcyclists in Indonesia are learning to share the road, a trend that will likely continue as consumers push for more personal mobility in the populous archipelago. The number of total motorists...
Twenty-five years ago there were only 10 urban areas in the world that could boast more than 10 million inhabitants. Now there are more than 35 so-called “megacities” worldwide, and by 2040 the United Nations...
One constant in the world of energy is that things never stay the same. So when we discuss the fuels and sources that power our lives, it’s worth keeping in mind that the energy mix isn’t set in stone....
In 2050, more than 65 percent of the world’s population will live in cities, according to the United Nations. Increased urbanization and growth of the middle class, particularly in China and India, will help...
America’s largest ports handled in excess of 18,000 containership calls to its shores in 2015. This means more than one billion tonnes of merchandise was processed – which one way or another was ultimately...
One of the most hopeful demographic and economic trends we have seen in putting together ExxonMobil’s annual Outlook for Energy: A View to 2040 is the expansion around the world of the middle class. The numbers...
