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Shell Sees Global Oil Demand Doubling By 2050 As oil companies plan for the future, they are expecting higher prices and demand. Oil company executives were on Capitol Hill this week to discuss offshore drilling, which they say needs to be part of America's long-term energy policy. Shell Oil Co. President Marvin Odum says he expects global demand to double by 2050.

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Shell Sees Global Oil Demand Doubling By 2050

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Shell Sees Global Oil Demand Doubling By 2050

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As oil companies plan for the future, they are expecting prices and demand to be higher. Oil company executives were on Capitol Hill this week to discuss offshore drilling, which they say needs to be part of America's long-term energy policy. Shell Oil Company President Marvin Odum tells Steve Inskeep that he expects demand throughout the world to double by 2050.