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Roger Noriega, "Two Visions of Energy in the Americas," AEI Latin American Outlook, February 2006 (aei.org)
The U.S. could ease its dependence on Middle Eastern oil by looking to nations in the Western Hemisphere that possess rich energy resources. AEI visiting fellow Roger Noriega believes "building constructive, cooperative approaches to energy along with our neighbors in the Americas should be a priority."
Imported fuel is expected to increase from 27 to 38 percent of the U.S. total over the next two decades. Yet the U.S. has nearby alternatives to the Middle East--in Canada, Latin America, and the Caribbean. These energy-rich areas are expected to be net energy exporters for the foreseeable future, and "advances in exploration and production technologies will allow the Western Hemisphere's net oil import/export balance to grow from 5.5 million barrels per day in 2004 to over 8 million barrels per day by 2025."
Nations in the Americas have taken different roads in their approach to energy production. Canada and Peru, for ...
Source: HighBeam Research, Energy close to home.(the Digest: Summaries of important new research)