Posted April 24, 2017
The North American energy flows continue to grow and the U.S. is building even stronger energy ties with its closest neighbors – Canada and Mexico. This week, API met with the Canadian Association of Petroleum Producers (CAPP) and the Mexican Association of Hydrocarbon Companies (AMEXHI) to discuss priorities and policies that would foster this North American energy alliance.
This was an opportunity for our organizations to come together to reaffirm the significance of strong energy and trade relationships between the U.S., Canada and Mexico based upon NAFTA, as well as identify opportunities for modernization. North American energy flows between these countries are important to continue generating significant consumer, economic and security benefits.
Today’s North American energy markets – oil, natural gas, and electricity – benefit the U.S. by expanding the size of our energy markets which create economies of scale that attract private investment, lower capital costs, and reduce energy costs for consumers. Energy system integration enhances U.S. energy security by enabling North American energy independence and by providing export markets for the U.S. as the world’s largest producer of oil and natural gas. We’re on the verge of the ability to supply virtually all U.S. energy demand from stable North American sources, according to the Energy Information Administration, which projects North America could reach energy self-sufficiency in the near future.
Energy policy has always been tied to economic policy, but by working with our neighbors the U.S has the ability to meet even greater goals. API, CAPP, and AMEXHI have all demonstrated a commitment this week to strengthening the integration of North American energy markets and ensuring the continuation of the economic and security benefits it provides to all three countries.
ABOUT THE AUTHOR
Brooke Sammon joined API after serving as a national spokesperson for Marco Rubio’s presidential campaign. Prior to that, she worked as press secretary in Rubio’s Senate office. Sammon was also on the communications staff for Mitt Romney’s presidential campaign, and served as spokesperson for Representatives Peter Roskam of Illinois and Phil Gingrey of Georgia. Sammon is a graduate of Miami University in Oxford, Ohio.