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BP plc (ADR) BP is hosting a conference Wednesday morning to discuss the company's energy outlook. The outlook is carried out to 2035.
BP expects the U.S. double oil production by 2020 to 8 million barrels/per day. BP is forecasting global GDP to more than double 2035. Global population is expected to grow by 1.5 billion people to a total of 8.8 billion by 2035.
Other notable forecasts:
- Global Vehicle Fleet to double to 2.4 billion by 2035 from ~1.2 billion today.
- Miles Per Gallon for average passenger care is expected to be 50 compared with 30 MPG today.
Read more by following this link to BP's PDF of 20-year outlook:
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