The Wall Street Journal

Exxon Declares Gas King
The Wall Street Journal

Natural gas will replace coal as the leading fuel for generating electricity in the U.S. by 2025, when it will also become the world’s No. 2 overall fuel source thanks to its abundance and a drive for cleaner-burning energy, according to the latest long-term outlook from Exxon Mobil Corp.

The closely watched study, set to be released Thursday, forecasts that global energy demand will grow about 30% by 2040 as the world population climbs to nine billion from seven billion.

Natural gas will overtake coal as the second-largest fuel source overall, ranking behind oil and powering everything from electrical plants to home-heating systems. But Exxon said coal use will continue to grow through 2025 around the world, primarily in developing nations such as China and India and the African continent, because economic growth will be fastest in emerging nations.

But thereafter coal use will start to drop, for the first time in history, according to the study, which Exxon uses to help its long-range planning. Key drivers in that expected drop in coal use will be growing demand for fuels that produce fewer greenhouse gases and a decline in China’s population expected after 2030.

Je vous rappelle que la Honda Civic fonctionnant au gaz naturel a été nommée la voiture verte de l’année au salon de l’automobile de Los Angeles qui s’est tenu en novembre.