• In large part due to the trading framework provided by NAFTA, North America is set to become energy self-sufficient.
• U.S. trade with Canada and Mexico reduces its exposure to supply disruptions from other regions, especially Venezuela and the Middle East.
• The U.S. oil and gas industry, which supports 9.8 million jobs and 8% of the U.S. economy, is supported largely by energy exchange among all three countries.
• According to the U.S. Energy Information Administration, Mexico is the No. 1 export market for U.S. pipeline natural gas, total refined products, finished motor gasoline, distillate fuel oil, and plastics.
• Canada is the top U.S. export market for crude oil, kerosene type jet fuel, pentanes plus, and rubber.
• U.S. pipeline capacity for natural gas exports to Mexico is expected to nearly double in the next three years.
• Mexico and Canada are the two largest importers of U.S. upstream natural gas and oil equipment.
• The integrated North American energy market makes energy more affordable for U.S. consumers and businesses.
• U.S. imports of crude oil from Canada and Mexico support thousands of U.S. refinery jobs.
• Over the next two decades, it is estimated that Mexico’s recent energy sector reforms will attract roughly $40 billion per year in new investments in the electricity sector and in oil exploration and development.
