Gusher ahead: Exxon Plans Production Surge Amid Rising Global Demand for Oil

By Douglas McIntyre  •  December 12, 2024

Douglas McIntyre, editor-in-chief of Climate Crisis 24/7, highlights Exxon’s plan to increase oil production by 20% by 2030. Despite expectations of a decline in fossil fuel use, global demand for oil remains high, driven partly by the energy needs of artificial intelligence. McIntyre notes that Exxon’s decision reflects the company’s focus on delivering what the market demands rather than relying on shifts toward renewable energy.

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