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Page added on October 16, 2012
Mexico Has World’s Highest Level of Energy Security
Mexico, which has monopoly power over its oil production and sales, has the world’s highest level of energy security, according to a U.S. Chamber of Commerce study of the largest energy-consuming nations.
The government-owned Petroleos Mexicanos ranks among the world’s largest oil companies while Mexico’s energy expenditures and carbon-dioxide emissions per person are relatively low, according to the study released today that reviews data for 25 nations from 1980 to 2010.
“They are a very resource-rich country with very low energy use per person,” Karen Harbert, president of the Chamber’s Institute for 21st Century Energy, said today at a Washington news conference, noting Mexico may not hold the status in the future. “Oil production is going down in Mexico and their transportation use is going way up.”
Energy production has been a national security concern for the U.S. at least since the 1970s Arab oil embargo caused gasoline prices to soar. The U.S. imported about 45 percent of its petroleum last year, with about 22 percent originating in the Middle East, according to the U.S. Energy Information Administration. U.S. dependence on energy imports has declined since 2005, amid the global economic slowdown and increased reliance on other fuels including natural gas, the agency said.
Ranked Seventh
The U.S., which ranked seventh in the energy-security report, may become a net exporter of natural gas by the end of this decade, sooner than a previous government estimate of reaching that status by about 2022, EIA Administrator Adam Sieminski said at U.S. Chamber event to release the industry group’s report.
The “growth in shale gas and tight oil has made an unbelievable difference to energy security in the U.S.,” he said. “This looks like a pattern that is set to continue.”
While Mexico ranks highest in security, risks to that status are increasing, according to the report. Although the nation is the world’s seventh-largest oil producer, its output is declining and natural-gas imports have increased since 1989, the report said.
The study examined 28 metrics including fossil-fuel imports, power generation and carbon-dioxide emissions, primarily using data from the U.S. EIA and the Paris-based International Energy Administration.
Norway, Ukraine
The report shows nations where energy security is least at risk are the U.K., Norway, New Zealand, Denmark, Australia and the U.S. Energy-security risk is highest in Ukraine, followed by Thailand, South Korea, the Netherlands, Brazil, Italy, Turkey and Japan, it said.
“With no domestic energy resources of any consequence, Japan imports virtually all of its fuels,” according to the report.
Japan is reducing reliance on nuclear energy after an earthquake and tsunami in March 2011 triggered a triple meltdown at Tokyo Electric Power Co. (9501)’s Fukushima Dai-Ichi plant. The accident created public opposition to nuclear power, and under current plans all Japanese atomic plants will be shut this year, according to the report.
China, the world’s second-largest economy, ranked 15th on the Chamber’s list.
“China’s domestic energy production has not been able to keep pace with demand, and it imports a growing portion of the fuel it uses,” according to the report.
5 Comments on "Mexico Has World’s Highest Level of Energy Security"
Arthur on Tue, 16th Oct 2012 11:42 am
““With no domestic energy resources of any consequence, Japan imports virtually all of its fuels,” according to the report.”
Yes, that was once an issue, as the older people of Hawaii vividly remember.
BillT on Tue, 16th Oct 2012 2:15 pm
“”… may become …” The Us is counting it’s gas before it is passed as usual. Hype and hope.
Will the Us invade Mexico for its energy? Nope! It is just gonna make it the 51st state … or is that going to be Canada?
DC on Tue, 16th Oct 2012 2:28 pm
Bloomberg morons.
Q/The government-owned Petroleos Mexicanos ranks among the world’s largest oil companies while Mexico’s energy expenditures and carbon-dioxide emissions per person are relatively low.
Yea NS, we have a condition to describe that, its called *poverty*. And Mexico has that in spades. Mexico is merely exporting its emissions to the fat gringos to the North. The ’emissions’ that Mexico is ‘not’ emitting, are simply being pumped out a little ways to the north.
I realize Bloomberg is a 1%er rag, but still…even stupid which call that stupid.
For Bill, Canada allready is de-facto the 51st state. The energy sector is completely dominated and controlled by US corporations. That control is even legally enshrined thanks to NAFTA, which basically says, Canada’s energy and material resources are for sale to the lowest bidder. In fact, I am certain NAFTA forecloses,IE makes illegal, any attempt by Canada to ever nationalize its energy resources. The lowest bidder, is invariably, the US, but other foreign firms also regularly operate under the same idea.
Mexico managed to hang on to its nationalized oil, because they sent it north at cut rate prices, like Canada sends it south. But since Mexico was a source of endless dirt-cheap farm and factory labor, the US was willing to let the oil nationalization thing slide, since they were getting pretty much everything Mexico was pumping anyway. Cant wait for Export land to finish off Mexicos exports to the US in a few years time. Then the US might have to look at military invasion. The threat will be ‘Mexico Narco-cartels’ but US troops will strangely bee-line it right for Mexico’s Oil facilities instead….
Arthur on Tue, 16th Oct 2012 2:47 pm
And Iran, raq and Saudi-Arabia are amongst the countries with the highest energy security risk? Wonder what the people of the chamber of commerce have been smoking.
Here is another study from 2011, see map page 16:
http://www.eforenergy.org/docactividades/22/BMunoz.pdf
Kenz300 on Tue, 16th Oct 2012 3:15 pm
Wind, solar, wave energy, geothermal and second generation biofuels can all be produced locally and provide local energy and local jobs. That is energy security.