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January 4, 2017

Volume 17 Issue 52

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Oil Remains Lead Energy Source

Global energy demand in 2040 will be 25 percent higher than in 2015, with oil, natural gas and coal still accounting for 77 percent of total consumption, according to the 2017 edition of ExxonMobil's annual energy outlook. Average fuel economy of new cars worldwide is expected to rise from 30 miles per gallon in 2015 to close to 50 mpg in 2040.