This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption, policy support for renewable energies and sources of energy supply. Forward-looking statements involve risks and uncertainties because they relate to events, and depend on circumstances, that will or may occur in the future. Actual outcomes may differ depending on a variety of factors, including product supply, demand and pricing; political stability; general economic conditions; legal and regulatory developments; availability of new technologies; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation.
Welcome to the 2013 edition of BP’s Energy Outlook 2
BP’s annual Energy Outlook contains our projections of future energy trends and factors that could affect them, based on our views of likely economic and population growth and developments in policy and technology. Together with the annual Statistical Review of World Energy, it has become a respected contribution to the global discussion on energy and I am pleased with the feedback we are receiving.
Last year’s edition led the way in showing how North America is likely to become selfsufficient in energy. This year’s edition follows up by examining more closely the phenomenon which is driving America’s energy revival, the revolution in shale gas and tight oil, including its global prospects.
The Outlook describes a future that is different in several respects from what many expected just a short while ago. We still expect global energy demand to grow – by 36% between 2011 and 2030 - driven by the emerging economies. Without continuous improvements in energy efficiency, demand would have to grow much more rapidly simply to sustain economic growth.
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