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Security of energy supplies is a fundamental part of the economic, social, and political life in all societies. Energy security is defined by the International Energy Agency (IEA) as the “uninterrupted availability of energy sources at an affordable price.” In 2013, global energy consumption was 546.83 quadrillion British thermal units (BTU), and the U.S. Energy Information Administration (EIA) predicts that global energy consumption will increase more than 50% by 2040, up to 820 quadrillion BTU.

Currently, the largest energy consumer is Asia, with a total of 217.063 quadrillion BTU, followed by the Americas (148.083 quadrillion BTU, of which 96.260 is consumed by the United States alone) and Europe, with 129.94 quadrillion BTU. Although America and Europe will experience relatively modest growth rates in energy consumption ...

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