ExxonMobil Publishes Annual Outlook for Energy

“The world needs to meet the ever-growing need for reliable and affordable energy while minimizing the effects on the environment,” said Rex W. Tillerson, chairman and chief executive officer.

“ExxonMobil welcomes increased public discussion about how best to meet economic, energy and environmental challenges and hopes this expanded Outlook for Energy can be useful in increasing understanding of the challenges and alternative solutions.”

The Outlook for Energy is developed annually, and is the product of an ongoing process that has been conducted over decades. The results are used to assist ExxonMobil's business planning and to increase public understanding of the world's energy needs and challenges. The outlook is developed through a detailed analysis of approximately 100 countries, 15 demand sectors and 20 fuel types and is underpinned by economic and population projections and expectations of significant energy efficiency improvements and technology advancements.

This year’s Outlook for Energy has been expanded to include a new section, entitled the Energy Imperative, which contains a detailed examination of integrated solutions that include improved energy efficiency, development of all viable forms of energy, and technology and public policy options to manage climate risk.

As well, the report outlines ExxonMobil’s proactive approach to managing the risks posed by rising greenhouse gas emissions and the corporation’s role in reducing its own emissions as well as assisting consumers of hydrocarbon-based fuels in reducing their emissions.

PetrolWorld 041208   Source: ExxonMobil