GLOBAL OIL

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Germany has the largest economy in Europe and the 3rd largest economy in the world. It is the world's largest exporter.

But like most developed economies, Germany does not produce enough domestic petroleum to support its export-based economy and high standard of living.

Germany must import 80% of its oil, mostly from the United Kingdom and Norway (North Sea platforms).

To reduce its dependency on imported fossil fuels, the German government emphasizes conservation and the development of renewable energy sources such as solar, wind, hydropower, geothermal and biomass. As a result, energy efficiency has been steadily improving.