North America’s energy trade runs mainly through two bilateral ties — Canadian oil flowing into US refineries and US natural gas supplying Mexico — rather than as a fully integrated three-country system, according to Bloomberg.
Howard Energy Partners CEO Mike Howard said roughly 70% of Mexico’s energy comes from the United States. Former Canada Energy Regulator CEO Gitane De Silva said about 60% of US oil imports originate in Canada.
With USMCA negotiations approaching, energy executives, regulators and policy experts largely agree the current setup works well and may be best left largely unchanged.
Why the US Needs Its Neighbors for Energy
2026-06-28 12:14:13
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