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History tells us that the global economy will continue to grow over time - by an average 3 percent annually through 2030. This economic growth will occur broadly, including in the United States. It will be led by developing countries, particularly those in the Asia-Pacific region - whose GDP will have surpassed that of Europe and the United States by 2030. Economic expansion - coupled with continued population growth - will lead to increased demand for energy, especially for transportation fuels and electricity.
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