Not exact matches
Under this scenario, by 2040
global energy
demand will be significantly larger than it is now; oil, coal, and
natural gas each will account
for about one - quarter of total
demand, and solar and wind together will account
for roughly 5 %.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including
natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and
natural gas and their derivatives) due to shortages, increased
demand or supply interruptions (including those caused by
natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a
global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K
for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Prices
for liquefied
natural gas (LNG) have collapsed,
global demand is faltering and the first of what is likely to be a wave of competing shipments has just set sail from the unlikeliest of exporters, the United States.
As the
global economic crisis took hold manufacturing has been scaled back significantly resulting in a reduced
demand for natural gas from factories across the US and further afield.
The onset of the
global recession in the fall of 2008 and the resulting decrease in worldwide
demand for hydrocarbons caused many oil and
natural gas companies to curtail capital spending
for exploration and development.
The
global demand for oil and
natural gas is increasing, which makes these excellent long - term investments.
Natural gas grows to account
for a quarter of
global energy
demand in the New Policies Scenario by 2040, becoming the second - largest fuel in the
global mix after oil.
Significant investments will be needed in the upstream sector to meet
global demand for oil and
natural gas.
Energy companies are also seeking new liquefied
natural gas terminals
for export to
global markets where they can
demand higher prices
for LNG — a far more potent contributor to
global warming than ordinary
natural gas.
And the
global oversupply of
natural gas that is keeping prices low in the U.S. this year won't last — Birol estimates that the
demand for natural gas by 2030 will far outstrip supply.
Increasing reliance on
natural gas (methane) to meet
global energy
demands holds implications
for atmospheric CO2 concentrations.