From the Document: "Recent increases in energy prices and a steady escalation in world energy demand that is expected to rise by nearly 60% over the next twenty years has led U.S. policy-makers to engage in a wide ranging debate over how best to address this nation's future energy requirements. Similarly, the European Union, along with its member states, is also engaged in an intense discussion of Europe's future energy challenges. The United States and the European Union, together, represent the world's largest energy market. Today, the United States and the EU produce approximately 23% of the world's energy but consume almost 40% of the world's supply of energy. The EU consumes approximately 18% of global oil consumption and 19% of gas produced. […] This report examines some of Europe's critical energy challenges and how the EU is attempting to address those challenges through an effort to coordinate a European energy strategy. It also includes an overview of broader transatlantic energy security cooperation."
CRS Report for Congress, RL33636