---------------------------------
From: Mike Pelly
Sent: Wednesday, November 07, 2007 10:30 AM
To: '[EMAIL PROTECTED]'; Mike Pelly
Subject: RE: BIOFUELS UPDATE: ***
Maybe it's time for a Class Action Lawsuit against Exxon-Mobil for not only
contributing to Global Warming by not embracing clean renewable energy sources,
but even worse denying Global Warmings very existence by funding scientists to
write papers debunking it, and allowing the problem to worsen.
It was unheard of for decades, that the tobacco companies could ever get sued
for knowingly selling a deadly product, till some brave Attorney Generals and
their staffs across the country stepped up to the plate and took a swing at
these criminal corporations. Is it not time we took the same measures against
such shameless oil companies like Exxon-Mobil? Or do we have to wait till the
States of Florida and Louisiana and many nations around the world are under
water?
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]
Sent: Tuesday, November 06, 2007 8:53 AM
To: Mike Pelly; Mike Pelly
Subject: BIOFUELS UPDATE: ***EXXONMOBIL'S VIEW OF THE WORLD: IT'S STILL ABOUT
OIL
2007-11-06 11:53:20 EST
***EXXONMOBIL'S VIEW OF THE WORLD: IT'S STILL ABOUT OIL
ExxonMobil just released its new energy outlook which takes a long view of
energy supply, demand and production issues through 2030.
The message from the world's second biggest corporation is crystal clear:
hydrocarbon energy will continue to account for 80% of energy growth demand
through 2030. Oil and gas alone will account for an estimated 60% - a sober
reminder that oil remains king.
Renewable energy sources, including bio-fuels, wind and solar will grow
rapidly - at a rate faster than anything else - 9% a year. Much of the growth
will be driven by government subsidies and mandates.
But the projected steep growth for renewable fuels still means that by
2030
these key sources of energy will account for just 2% of the world's energy
needs. They currently represent about 0.5%, ExxonMobil says in its report.
Most of the energy growth will come in the developing world, often
referred
too in energy channels as "non-OECD countries." China and India are two of
the
biggest entities in this group.
ExxonMobil estimates that energy growth in the non-OECD
corridor-developing
economies - will average 2% a year over the next 20 plus years.
This is quadruple the 0.5% forecast for energy growth in the Organization
for Economic Cooperation and Development (OECD) sector. Japan, Germany, the
U.S., Britain and Australia are elemental cogs in the OECD wheel.
Overall, annual energy growth is expected to average 1.3% per year from
2005 to 2030, according to ExxonMobil.
Population and economic growth will be the driving factors. Each of the
demand sectors from power generation to transportation to industrial,
residential and commercial use will underpin expanding energy usage.
By 2030, energy demand worldwide is expected to reach the oil equivalent
of
325 million barrels per day, 40% higher than 2005.
Transportation "will be the fastest-growing energy sector to 2030,"
ExxonMobil says. It will have the biggest impact on oil usage, even when you
factor in continuing efficiency gains.
Commercial transportation use is anticipated to grow 2.35 per year during
the outlook period. Personal transportation use, which has averaged growing
at
a rate of 2% per year for the last 25 years, will continue to grow at a
healthy rate, driven by increasing vehicle ownership in China.
ExxonMobil looked at energy patterns in more than 100 countries, 15 demand
sectors, and 20 fuel types in amassing its conclusions.
--Ben Brockwell, [EMAIL PROTECTED]
Copyright, Oil Price Information Service
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