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Page added on June 13, 2004

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Facing Some Of The Hard Truths About Energy

Geology

Lee R. Raymond, Exxon Mobil CEO writes:
we expect fossil fuels to provide about 80 percent of the energy used in 2020, and to increase — and I emphasize increase — in absolute magnitude by about 65 million oil equivalent barrels per day.

Just how much is 65 million barrels per day? Well, it is close to eight times Saudi Arabia’s current crude oil production.

PetroleumWorld



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