North America May Be Self-Sufficient in Oil by 2030

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.