Against the background of the gradual decline in global oil demand, the growth of non-traditional energy supplies, including US shale oil and gas, Canadian oil sands, and deep-sea oil from Brazil, will promote almost complete energy self-sufficiency in the Western Hemisphere by 2030. At present, the United States, the world’s largest energy importer, will greatly reduce its dependence on energy imports. This means that the rest of the world, mainly Asia, will rely more on the Middle East to meet its growing oil needs.
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