Reliance on Imports

Yet Germany's energy habits are most similar to those of the United States in terms of importing energy. Although the country is able to produce significant amounts of coal and natural gas, Germany, as is the United States, is a huge importer of oil because it does not possess significant oil reserves and has a meager domestic oil production sector in comparison with that of the rest of the world. With an insufficient level of domestic oil production to satisfy the needs of its large, developed economy, Germany's energy needs rely heavily on oil imports. In fact, after the United States and Japan, Germany is the world's third-largest importer of oil. Most of Germany's energy is imported, according to the EIA. Oil imports supply more than 90 percent of the 2.7 million barrels of oil that Germany consumes each day.19 The German economics statistics agency reported that Russia was the largest supplier of crude oil imports to Germany in 2004, followed by Norway and the United Kingdom. Additionally, a lack of new coal discoveries in Germany has recently been reflected in a downturn in Germany's domestic coal production. To meet domestic coal demand, then, Germany has begun to depend, in part, on coal imports, mainly from South Africa.

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