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    market news

    North America May Be Self-Sufficient in Oil by 2030

    Investing News Network
    Jan. 26, 2012 12:45PM PST
    Oil and Gas Investing

    Bloomberg reported that according to the Centre for Global Energy Studies, North America may be self-sufficient in oil by 2030 due to rising U.S. domestic production and Canadian output.

    Bloomberg reported that according to the Centre for Global Energy Studies, North America may be self-sufficient in oil by 2030 due to rising U.S. domestic production and Canadian output.

    As quoted in the market news:

    The U.S. is the world’s largest oil-consuming country. The U.S., Canada and Mexico together used 23.4 million barrels a day of oil in 2010, accounting for 27 percent of global demand, according to BP Plc’s annual Statistical Review of World Energy.

    Click here to read the full Bloomberg report.

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