Posted August 21, 2013
USA Today: What New Energy Landscape Means to USA
When Mexican President Enrique Peña Nieto unveiled a plan recently to allow private investment in his nation's energy production, it received relatively little notice. But it is a very big deal. Mexican oil has been the province of a government controlled-monopoly since the industry was nationalized in 1938.
Adding private sector know-how could easily increase production by 25% or more in a decade as new drilling technologies are brought to bear. This would add to an equally positive and unanticipated development: the vast increase in oil and gas production in the USA and Canada.
The global energy landscape is changing at a stunning pace. North America is close to energy independence, which once seemed unattainable. Better yet, the U.S., long dependent on supplies from potentially hostile nations, will attain self-sufficiency in 20 years, according to a study by BP. http://usat.ly/17HYd4s
More industry news:
- Mapped: Where the Oil is in Texas: http://n.pr/1f2BBhX
- Banning Pennsylvania Shale Gas Production Would Be a Costly Mistake: http://bit.ly/183lU6s
- Ethanol Mandates Creating an Economic Car-Wreck: http://wapo.st/159Z4My
- Spreading the Good News About Shale: http://bit.ly/159ZgeU
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.