Oil, Mexico, and the Transboundary Agreement: Congressional Report

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By Richard G. Lugar (ed)
Year: 2012
Pages: 39
Binding Paperback

Product Code: 1457843781

Description

Energy security is a vital issue for U.S. foreign policy and economic growth. Increases in U.S. domestic oil production are helping to relieve our import dependence, yet our nation will rely on oil imports for decades to come. Strengthening trade with reliable, friendly neighbors Canada and Mexico would make a valuable contribution to our future. This report assesses opportunities for enhancing the U.S.-Mexico oil and natural gas relationship. Mexico is a reliable trading partner yet it continues to struggle to maintain and increase its domestic oil production. Falling quantities of Mexican heavy oil available for U.S. Gulf Coast refineries have actually led to increases in Middle Eastern imports to the U.S. even as our total imports have fallen. This report provides insight on the need and prospects for domestic oil sector reforms in Mexico and important recommendations for the U.S. government to take in order to strengthen U.S.- Mexico energy cooperation. This is a print on demand report.

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