Global energy demand
While the current global economic downturn has dampened world energy demand, ExxonMobil's long-term projection is for demand to increase by almost 35 percent (2005 to 2030), driven predominantly by growing population and economic growth in developing countries, even with substantial efficiency gains in all regions.
- Oil, natural gas and coal will continue to provide the vast majority of the world's energy needs — meeting close to 80 percent of global demand through 2030. Oil and natural gas alone will still make up almost 60 percent of global energy supplies in 2030.
- The fastest-growing fossil fuel will be natural gas, because it is abundant, affordable and the cleanest-burning. By 2030 global demand for natural gas will be more than 55 percent higher than in 2005. Energy saved through projected efficiency gains is expected to be about twice the growth in global energy demand.