Exxon Report On Energy 2050. 15% more energy is projected to be needed in 2050 compared to 2023, driven by growing population and rising prosperity in developing nations. And where energy availability rises, living standards rise as well.
Exxonmobil has said global oil demand will remain virtually unchanged by 2050 and warned that any move to curtail investment in fossil fuels would trigger a new energy price shock. The fossil fuel company released a report this week forecasting business as usual through 2050.