Oil will remain in demand for next 100 years, says ExxonMobil

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Oil will remain in demand for next 100 years, says ExxonMobil
Tips Nigeria, China, India, others to lead global energy demand

Statistics presented by oil giant, ExxonMobil, yesterday indicated that oil will still sustain the global energy need for 100 years.
Its General Manager, Deep Water Operations, Oladotun Isiaka, broke the news in his presentation on ‘2015 Energy Outlook series’ in Abuja.

He said: “The franking technology now avails us the opportunity to know it is there. Based on this and the amount of energy we use as at today and what we are projecting, what we use over 25 to 40 years, this tells us that we have 100 years of oil to support energy needs.”

According to him, countries outside the Organisation for Economic Cooperation and Development (OECD), including China, India, and Nigeria, would lead global demand for energy in the next 25 years.

Nation NewsPaper

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