Exxon Mobil Monday announced energy projections that show a 25 percent increase in demand by the year 2040. The predicted increase is equivalent to all the power and fuel consumed currently in the Americas, according to the company. Exxon expects crude oil demand to increase by 20 percent to 112 million barrels a day. The predictions came from the Exxon annual long-term outlook which also predicted demand for natural gas to account for 40 percent of the overall increase. China and India will account for half of the global increase in demand, according to Exxon, who says another 30 percent of the overall growth will come from just ten countries.
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