ExxonMobil projects natural gas will overtake coal as second most widely used source of energy by 2025
06 June 2012
By 2025, ExxonMobil predicts natural gas will overtake coal to become the second most widely used source of energy worldwide. This historic shift of global energy markets toward increased use of natural gas will create new opportunities for economic growth and environmental progress, said Rex W. Tillerson, chairman and CEO of Exxon Mobil Corporation in a speech at the 25th World Gas Conference in Malaysia.
According to our projections, over the next three decades, while natural gas supplies from conventional sources will remain the majority of production, unconventionals are likely to grow by more than 400 percent.
—Rex Tillerson
The need for natural gas resources is greatest in regions like the Asia-Pacific, where energy demand is projected to grow by more than 50% over the next three decades, ExxonMobil says. Access to natural gas has been made possible in large part by industry advances in large-scale liquefied natural gas (LNG) production and transportation, and in development of unconventional gas sources such as shale gas, coal bed methane, and tight sands through hydraulic fracturing and horizontal drilling techniques.
To date, North America has been the proving ground for unconventional gas development—and the results have been encouraging, confirming the enormous potential of this resource. The challenge now is to confirm the size of the global unconventional resource and to fully apply these breakthrough technologies to nations outside North America.
—Rex Tillerson
Tillerson said the policies needed to responsibly develop natural gas should hold the industry accountable to operational integrity and excellence without stifling innovation and investment.
A decade ago, few of us could foresee where new natural gas technologies would take us. For this very reason, we must continue to invest and innovate to ensure the safety of operations to further enhance energy efficiency and to improve our environmental stewardship at every level.
—Rex Tillerson
Here we go again!
http://www.youtube.com/watch?v=BNwRQ8Avzvo
Posted by: ai_vin | 06 June 2012 at 12:46 PM
Every city should have its factory that produces natural gas and hydrogen from coal. One operates in the USA in North Dakota. It produces CO2 as well to sell in Canada to oil companies to get a lot more oil out of the wells. It also makes ammonia to sell to grow crops including Maize. It sells sulphur for the soil in the form of ammonium sulphate. Most farm land needs even more in spite of "acid rain".
A very big pile of coal would mean that some methane would be available even if the Russians did not like you and wanted more money.
New cities and developments should have hydrogen pipes instead of or in addition to methane pipes. They might as well have pure oxygen pipes too. ..HG..
Posted by: Henry Gibson | 12 June 2012 at 12:26 AM
Every human and other animals have always been radio-active. Most humans do not know this and they continue to eat radio-active food every day. There is no food that is not radio-active. Natural gas can be made into food that has the least radio-activity possible of all foods, much less than any possible organic food. This has been done. Perhaps humans could even be engineered to live on hydrogen injected into the body. A cow might even now get a great amount of energy from bacteria that used injected CO2 and hydrogen for food.
The quest for efficiency in solar energy and the use of fossil fuels and bio-mass is a fraud in the face of the fact that the US is almost the entire reason why over 99 percent of the energy in mined uranium and thorium is wasted.
The sun is nuclear energy, and a big nuclear solar flare could make the worst earthquake look pleasant for the modern countries with large electrical systems.
Every Kyoto partner should be required to buy one or more CANDU reactor. They can use OLD used fuel rods again. There are a lot of idle workers in all modern countries who would like to build them along the side of Coal to diesel and gasoline factories. The energy in coal and nuclear costs one tenth or less of that in delivered, but not even refined, crude oil.
..HG..
Posted by: Henry Gibson | 12 June 2012 at 12:51 AM