Oil, gas and coal still to make up bulk of energy sources by 2040: ExxonMobil President | Oil, gas and coal still to make up bulk of energy sources by 2040: ExxonMobil President -
Bart Cahir, president and general manager of ExxonMobil Qatar.

Oil, gas and coal still to make up bulk of energy sources by 2040: ExxonMobil President

: Thursday, April 17 - 2014 @ 14:01

By 2040, the world’s population will rise by more than 25%, reaching almost 9 billion. By then, oil, gas and coal will continue to make up the bulk of the energy supply, with natural gas pegged as the fastest growing source, according to Bart Cahir, president and general manager of ExxonMobil Qatar.

Cahir, who recently spoke at Carnegie Mellon University in Qatar as part of the Dean’s Leadership Series, said that population growth, along with improved standards of living, will translate into increased energy demands over the coming decades.

In a talk titled “Energy in the 21st Century,” Cahir spoke to students and faculty about the importance of studying the links between population growth, economic progress, and the amount and types of energy used around the world.

“Energy plays a fundamental role in powering economies, enabling modern life and supporting progress and development. Thus the world faces a tremendous and growing challenge: The need to develop new sources of energy and to do so in a safe, secure, and environmentally responsible way. That’s our challenge and our business at ExxonMobil, and it is one that begins with economics, and some of the key drivers for ever-increasing energy demand,” Cahir said.

“The Dean’s Leadership Series is part of our efforts to connect students with industry leaders, who will share their insights and inspire future innovations,” said Ilker Baybars, dean of Carnegie Mellon University in Qatar.

Cahir drew his observations from ExxonMobil’s annual Outlook for Energy report, which examines trends in the types of energy the world will need and where that energy will come from. Cahir highlighted how ExxonMobil is making investments in research and development that will unlock new resources, improve the efficiency of its operations, and increase the value of its products.

With Carnegie Mellon Qatar celebrating their 10th graduating class in early May, Cahir gave career advice based on his 20-year career with ExxonMobil in the United States, Asia and the Middle East.

“I encourage you to never stop learning, be enthusiastic and engaged with the world around you and remember that integrity in everything you undertake matters,” he said.

The Dean’s Leadership Series at Carnegie Mellon Qatar was established in 2012 to connect students and recent graduates with senior executives.

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Thursday, April 17- 2014 @ 14:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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