Outlook for energy in the future

•Energy demand to be about 35 percent higher in 2030 than it was in 2005 as economies grow and living standards improve worldwide

•Meeting demand will require trillions of dollars of investment and a commitment to innovation

Actual future conditions (including economic conditions, energy demand, energy supply sources, and efficiency gains) could differ materially due to changes in regulation and other political events, changes in technology, the development of new supply sources, demographic changes, and other factor such as new climate projects.

Growing world economies will increase energy demand by about 35 percent in 2030 compared to 2005, requiring trillions of dollars in investment and a commitment to innovation and technology, an industry leader says.

“In our energy outlook, we see many hopeful things – economic recovery and growth, improved living standards and a reduction in poverty, and promising new energy technologies. But we also see a tremendous challenge, and that is how to meet the world’s growing energy needs while also reducing the impact of energy use on the environment.”

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