Mexico Has World's Highest Level of Energy Security Brian Wingfield - Bloomberg News
go to original October 15, 2012

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.

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