Oil and gas is here to stay. As you can see below,
fossil fuels will continue todrive our energy demandBreitling Oil and Gas energy observations:
World primary energy use is projected to grow an average of 1.7%, orabout 40% over the next 20 years.
93% of the global growth will be made by non-OECD economies; theirshare of energy consumption will reach two-thirds by 2030. (Today theirshare is roughly half.)
Fossil fuels will still make up approximately two-thirds of global energydemand.
China is the largest source of oil consumption growth — and is forecast togrow by 8 million barrels per day to a total of 17.5 million barrels per dayby 2030, overtaking the U.S. to become the world's largest oil consumer.