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Exxon Mobil Predicts Surge in Electricity From Nuclear & Natural Gas at the Expense of Coal

Dec 13, 2012
(Houston Chronicle)

Natural gas and nuclear power could help meet a surging demand for electricity across the globe over the next three decades as growing environmental concerns and costs start to price coal out of the market, Exxon Mobil predicted today.

The Irving, Texas-based oil giant’s forecast came as part of its closely watched long-range outlook for global energy supply and demand through 2040.

The world will need 85 percent more electricity by 2040 over the power it used in 2020, noted William Colton, Exxon Mobil’s vice president of corporate strategic planning, who led the analysis.