Saudi Aramco CEO Predicts Energy Use Rise

The chief of the world’s largest oil company predicted an increasing dependence on fossil fuels despite the emergence of alternative energy sources in a talk yesterday sponsored by the Harvard University Center for the Environment.

At the standing-room only event, Abdallah S. Jum’ah, the president and CEO of oil producer Saudi Aramco, attributed this growing demand for oil to the rising global population and better living standards in the developing world. “Over the next several decades, we must substantially increase the amount of energy available to consumers around the world,” he said. “By 2030, total energy consumption will be 70 percent higher than today’s level.”
The Harvard Crimson