While oil and gas stocks are collapsing, it is useful to contemplate a horizon beyond the end or your nose. Who knows when crude prices will recover but according to Exxon we are going to be using a lot more of it, not less for a long time to come.
“ExxonMobil (ticker: XOM) released its 2015 Outlook for Energy this week. The report is the company’s long-term global view of energy demand and supply, which ExxonMobil shares to promote understanding of the world’s energy future. The outlook examines energy supply and demand trends in 100 countries by using 15 demand sectors and 20 different energy types covering all manner of personal and business needs. This year’s edition covers predictions from 2015 to 2040.” Click here for the full report