Oil giants fanfare energy crisis

ExxonMobil, the world’s largest energy group, said in a recent advertisement: “The world faces enormous energy challenges. There are no easy answers,” according to a story of Financial Times published on Friday. And ExxonMobil’s statistics back up the sentiment. In The Outlook for Energy: A 2030 View, the Irving, Texas-based company forecasts that oil production outside the Organization of the Petroleum Exporting Countries, the cartel that controls three-quarters of the world’s oil reserves, will reach its peak in just five years.

 

Chevron, the second-largest energy group in the United States, sends a similar message, but goes two steps further. “One thing is clear: The era of easy oil is over. We call upon scientists and educators, politicians and policy-makers, environmentalists, leaders of industry and each one of you to be part of reshaping the next era of energy

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