U.S. Electricity Trade with Canada and Mexico
Author | : |
Publisher | : |
Total Pages | : 92 |
Release | : 1992 |
Genre | : Electric utilities |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 92 |
Release | : 1992 |
Genre | : Electric utilities |
ISBN | : |
Author | : Paul W Parfomak |
Publisher | : |
Total Pages | : |
Release | : 2017-02-05 |
Genre | : |
ISBN | : 9781542931915 |
The United States, Canada, and Mexico in many ways comprise one large, integrated market for energy commodities. Canada, for example, is the single largest foreign supplier of crude oil to the United States, and the United States is Canada's sole crude oil customer. Both Mexico and Canada are major buyers of petroleum products refined in the United States. A growing trade in natural gas produced in the United States is also increasingly important to the energy relationship among the three countries. Trade in the other energy commodities - electricity, natural gas liquids, and coal - is comparatively small, but regionally important. Altogether, the value of the energy trade between the United States and its North American neighbors exceeded $140 billion in 2015, with $100 billion in U.S. energy imports and over $40 billion in exports. The United States' energy trade relationships with Canada and Mexico are increasingly complex. They have been undergoing fundamental change in recent years - largely due to technological advancements in the petroleum and natural gas sectors creating new competition for energy supplies and new market interconnections. Consequently, while energy policies in one country have inevitably affected the others, their cross-cutting effects in the future are difficult to predict. Nonetheless, a review of the recent trade data highlights several key market developments. U.S. crude oil imports from both Canada and Mexico dominate the energy trade, but they support U.S. supplies of refined products to both those countries - by far the United States' largest energy export commodity to its two neighbors. U.S. development of shale gas resources has been substituting for Canadian natural gas imports and driving a rapid increase in natural gas exports to Mexico, where such supplies are in high demand to fuel that country's growing electric power sector. Canada and, to a lesser extent, Mexico have potential to provide significant future supplies of renewable electricity to U.S. markets, which could help the United States meet environmental policy objectives. The expansion of cross-border energy transportation infrastructure - pipelines for oil and natural gas, and transmission lines for electricity - has been an ongoing enabler of increased energy trade. A number of new projects are currently under construction or proposed to further expand cross-border capacity, but their completion is not assured. To date, Congress has favored a growing North American energy partnership - but ensuring that this partnership continues to be as mutually beneficial as possible will likely remain a key oversight challenge for the next decades. Congress has been facing important policy questions in the U.S.-Canada and U.S.-Mexico energy contexts on several fronts, including the siting of major cross-border pipelines, increasing petroleum supplies from Canadian oil sands, exporting natural gas production from United States' shales, and meeting commitments to increase renewable energy supplies and reduce atmospheric emissions of greenhouse gases. Legislative proposals in the 115th Congress could directly influence these developments.
Author | : Mr.Roberto Cardarelli |
Publisher | : International Monetary Fund |
Total Pages | : 325 |
Release | : 2015-11-23 |
Genre | : Business & Economics |
ISBN | : 151356580X |
The recent boom in unconventional energy production is transforming the energy landscape in North America, with important implications for global energy markets and the broader competitiveness outlook. This book, within a unifying policy perspective, examines the impact the upsurge in energy production has had on the manufacturing sectors of the United States, Canada, and Mexico, and of the region as a whole, which produces nearly a quarter of the world’s energy.
Author | : |
Publisher | : |
Total Pages | : 776 |
Release | : 1982 |
Genre | : Electric power production |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 248 |
Release | : 1986 |
Genre | : Energy consumption |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 348 |
Release | : 1992 |
Genre | : Electric power consumption |
ISBN | : |
Author | : Mary E. Burfisher |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2019-03-26 |
Genre | : Business & Economics |
ISBN | : 1498303285 |
The United States – Mexico – Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key provisions in the new agreement, including tighter rules of origin in the automotive, textiles and apparel sectors, more liberalized agricultural trade, and other trade facilitation measures. The results show that together these provisions would adversely affect trade in the automotive, textiles and apparel sectors, while generating modest aggregate gains in terms of welfare, mostly driven by improved goods market access, with a negligible effect on real GDP. The welfare benefits from USMCA would be greatly enhanced with the elimination of U.S. tariffs on steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed after the U.S. tariffs were put in place.
Author | : |
Publisher | : |
Total Pages | : 878 |
Release | : 1981 |
Genre | : Government publications |
ISBN | : |
Author | : Christopher Frey |
Publisher | : Springer Nature |
Total Pages | : 284 |
Release | : 2022-06-02 |
Genre | : Law |
ISBN | : 3031047567 |
The expansion of cross-border power transmission infrastructures and the regional integration of electricity markets are accelerating on several continents. The internationalization of trade in electric energy is embedded in an even greater transformation: the transition from fossil fuels to renewable energies and the race to net zero emissions. Against this backdrop, this book provides a comprehensive examination of the regulatory framework that governs the established and newly emerging electricity trading relations. Taking the technical and economic foundations as a starting point and thoroughly examining current developments on four continents, the book provides a global perspective on the state of the art in electricity market integration. in doing so, it focuses on the most relevant issues including transit of electricity, quantitative restrictions, market foreclosure and anti-competitive practices employed by the actors on electricity markets. In turn, the book carefully analyzes the regulatory framework provided by the WTO Agreements, the Energy Charter Treaty and other relevant preferential trade agreements. In its closing section, it moves beyond the applicable legal architecture to make concrete proposals on the future design of global trade rules specifically tailored to the electricity sector, which could provide a more reliable and transparent framework for the multilateral regulation of electricity trade.
Author | : |
Publisher | : |
Total Pages | : 364 |
Release | : 1976 |
Genre | : Energy policy |
ISBN | : |