The Energy Outlook for the Next 20 Years

Every year, BP (NYSE: BP  ) publishes an energy outlook highlighting the long-term trends in the energy industry, as well as projections for the world energy markets. This year, it produced a video highlighting some key points of its outlook.

Two points worth highlighting: BP expects energy demand to be up 40% by 2030, with China and India responsible for roughly 50% of that growth; and BP expects oil use in both countries to nearly double:


Oil Consumption in 2010

Expected Oil Consumption in 2030


2.9 MMbbl/d

6 MMbbl/d


8.2 MMbbl/d

15 MMbbl/d

Source: CIA World Factbook, BP Energy Outlook. MMbbl/d = million barrels per day.

This trend of expanding demand will put wind in the sails of Dow Jones Industrial Average (INDEX: ^DJI  ) components ExxonMobil (NYSE: XOM  ) and Chevron (NYSE: CVX  ) for the long term. Respectively, the largest Dow component by market cap and the second largest component by index weighting, Exxon and Chevron should do well in the long run.

One other point worth highlighting: BP believes a growing supply of biofuels and unconventional oil and gas (shale) will turn North America's energy deficit into a small surplus. Cheniere Energy (AMEX: LNG  ) is one of the companies looking to cash in on this trend with a liquefied natural gas export terminal in the works.

For ideas on how to take advantage of the boom in oil consumption, The Motley Fool has created a new special oil report titled "3 Stocks for $100 Oil," which you can download today, absolutely free. In this report, Fool analysts cover three outstanding oil companies, including the stock Fool analyst David Lee Smith calls the "energy king." To get instant access to the names of the three oil stocks, click here -- it's free.

Dan Dzombak holds no position in any company mentioned. Click here and like his Facebook page to follow his coverage of the oil and gas sector. Motley Fool newsletter services have recommended buying shares of Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
BP $36.25 Up +0.20 +0.55%
BP CAPS Rating: ****
CVX $101.30 Down -0.57 -0.56%
Chevron CAPS Rating: ****
LNG $41.39 Down -0.20 -0.48%
Cheniere Energy CAPS Rating: ***
XOM $86.62 Down -0.59 -0.68%
ExxonMobil CAPS Rating: ****