While global energy demand will require a wide range of supply and resources, studies indicate that the majority of global supply will continue to be met with oil and natural gas.
A key to meeting energy needs and providing better living standards to hundreds of millions of people is being able to find, produce and transport energy products of all types throughout the world in a reliable and secure manner. Doing this at the scale required by 7 billion people each day is an enormous challenge for ExxonMobil and the global energy industry.
By enabling energy supplies to flow smoothly between nations, a robust global trading network helps meet the need for energy efficiently and affordably. ExxonMobil supports an open, unbiased and rules-based trade and investment system and sees those principles as essential to global free enterprise and to promoting productivity and economic growth. Furthermore, free trade and strong investment protections buttress energy security by encouraging access to diverse energy supplies and production sufficient to meet growing global demand.
Sound trade policies and protections also enable effective supply chains and the efficient movement of capital, people, information and all products. Commercial trade including both U.S. imports and exports of crude oil, oil products and natural gas is part of this efficient allocation of goods and energy services.