Mexican oil and its implications for United States energy policy
The emergence of Mexico as a major source of petroleum and natural gas, both associated and nonassociated, will change its energy policies and trade policies with the U.S. With conservative estimates of 200 billion barrels of both oil and natural gas equivalent, large-scale production and supply elasticity will directly affect world supply and demand if Mexico remains outside of the Organization of Petroleum Exporting Countries (OPEC). The Mexican find, a result of OPEC price action, illustrates the potential for continued exploration of the world's continental shelves and demonstrates that resource depletion is not the basic energy problem. Political events, not resource inadequacy, will be responsible for a world-supply crunch. Mexico plans to use natural gas domestically in order to increase oil exports, but newly adopted U.S. energy policy, based on oil shortages and rapid development of synthetic fuels, needs to be adjusted to take advantage of the new supplies. Related policies on immigration, trade, and water resources need similar adjustment.
- Research Organization:
- National Economic Research Associates, Inc., New York, NY
- OSTI ID:
- 6238744
- Journal Information:
- Aware; (United States), Vol. 103; Other Information: Before Edison Electric Inst., Chief Executives Conference, Scottsdale, AZ, 12 Jan 1979
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
03 NATURAL GAS
MEXICO
ENERGY POLICY
PETROLEUM
ENERGY SOURCE DEVELOPMENT
FOREIGN POLICY
NATURAL GAS
TRADE
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
LATIN AMERICA
NORTH AMERICA
294002* - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas
021000 - Petroleum- Legislation & Regulations
031000 - Natural Gas- Legislation & Regulations
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation