Mexico has highest energy security level in the world, study shows
October 15, 2012
A recent U.S. Chamber of Commerce Study looked at the largest energy-consuming nations and found that Mexico has the highest level of energy security, according to Bloomberg.
The study looked at data from 25 nations from 1980 to 2010 and found that the government owned Petroleos Mexicanos is among the world's largest oil companies, and the country's energy expenditures and carbon-dioxide emissions per person is low. Even though Mexico has this status as of late, it may not continue to have the title in the next few years.
"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, told the news source. "Oil production is going down in Mexico and their transportation use is going way up."
Energy security for the U.S. has been a long-lasting issue, as it imported 45 percent of its petroleum last year, but it has continually decreased since 2005. The United States ranked seventh in the energy security report and it is expected to be the net exporter of natural gas by the end of the decade.
The report also showed which nations are at the greatest and least risk to the United States when it came to energy security. The U.K., Norway, New Zealand, Denmark and Australia all ranked in the least risk, whereas Ukraine, Thailand, South Korea, the Netherlands, Brazil, Italy and Turkey ranked among the highest risk, the media outlet reports.
You Might Also Like...
- Arizona officials plan trip to Mexico to promote international business and tourism
- Mexican drug cartel leader captured this week
- Students of the Americas ready to compete in super-mileage engineering competition
- New artifacts uncovered at Teotihuacan ruins
- Little League World Series pits Mexico against Japan in finals