Report: Global Energy Use To Soar

Global energy consumption will soar 60 percent over the next 25 years, Exxon Mobil Corp. forecast Tuesday in its annual energy outlook.

To satisfy growing crude oil thirst, OPEC will have to produce more than 47 million barrels a day by 2030, a 40 percent increase over current levels, Spellings said. “We’re very confident that that growth will happen,” he said.