Thursday, 03 May 2012 17:21

Total CEO: Sees World Energy Demand Growing 25% Over 20 Years

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"PARIS (Dow Jones)--World energy demand should grow 25% by 2030, mostly supported by the needs of emerging markets, French oil major Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie said Thursday.

Speaking at a Paris energy conference, de Margerie said that global oil production should increase to around 96 million barrels a day by 2020-2030, noting that fossil energies should still represent 76% of supply in 2030, in spite of the increasing tap into renewable sources."

-- No progress of any kind can be made until the human race stops making demands and starts asking for mercy. -- MCR

WSJ article

 

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