Friday, April 17, 2009

President Obama & President Calderon Agree On Energy

U.S. President Barack Obama and Mexican President Felipe Calderon met this week and agreed on reducing carbon emissions fto ight against climate change and on creating green jobs. The two countries are establishing a bilateral framework on clean energy and climate change through the U.S.-Mexico Bilateral Framework on Clean Energy and Climate Change. The framework will focus on renewable energy, energy efficiency, adaptation, market mechanisms, green jobs, and low carbon energy technology development and capacity-building.

In 2008, the U.S. imported 1.2 million bbl/d of crude oil from Mexico, of which 97 percent went to the GulfCoast. The U.S. also imported about 100,000 bbl/d of refined products from Mexico in 2008, mostly residual fuel oil, naphtha, and gasoline blending components. Mexico is the 3rd largest exporter of oil to the U.S. after Canada and Saudi Arabia. (EIA)

In 2008, Mexico was the seventh-largest producer of oil in the world. The country produced an average of 3.19 million barrels per day (bbl/d) of total oil liquids during 2008. In 2008, Mexico exported 1.4 million bbl/d of crude oil. The United States receives the vast majority of Mexico’s crude oil exports, which mostly arrive via tanker at the GulfCoast.

(The White House, EIA, UPI)

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