ENERGY - Natural gas to overtake coal, says ExxonMobil:
"Natural gas will overtake coal as a global energy source in the middle of the next decade, mainly due to the environmental benefits it offers, according to the latest energy outlook of ExxonMobil, the world’s largest energy company.
In its 2014 Outlook for Energy: A View to 2040, the company says around 2025 gas will become the world’s second most-used fuel on an energy-equivalent basis, behind oil, upon the rising demand for gas in power generation.
The outlook predicts demand for oil and natural gas, Exxon’s main products, will grow steadily because shippers and truckers will need more diesel to move more goods and utilities will need additional natural gas to make electricity for more people."
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