North American Energy Independence - Context

Context

American political rhetoric includes the phrase "foreign oil" as something of which the United States must reduce or eliminate its imports. This is related to the general perception that the major global oil exporting countries are either openly hostile to US foreign policy and interests (Iran, Venezuela, and formerly Iraq), are former or potential future rivals (Russia) or are unsavoury allies (Saudi Arabia). However, most of American imports of oil come not from these countries, but from Canada and Mexico. As well Canada and Mexico export natural gas, uranium, and electricity to the United States. At the same time oil is globalized, fungible commodity: even if the United States does not buy oil from Iran, a price disruption cause by a drop in Iranian supplies would still impact American consumers. During the early 2010s American demand for energy dropped as a result of the Great Recession, and American production of oil and especially natural gas increase with new shale gas finds coming into production. Foreign dependence is not the only factor in North American energy politics, however; environmental concerns around land and water pollution as well as greenhouse gasses related to are also a matter of controversy. In Canada and Mexico there is also the concern not to have energy policy dictated by the United States, as well as tension over American ownership of energy companies.

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