For Mexico, US could become the new Russia

2/6/2017 CNBC

Energy Banner Color UPDATEDIn 2009, Russia cut off natural gas supplies to Ukraine, leaving thousands of homes and businesses without heat in freezing temperatures in parts of southeastern Europe. Russia has long been criticized by the United States for using its position as a monopoly supplier of natural gas for geopolitical leverage, especially toward Eastern European nations which are dependent on Russia for access to this important commodity for everything from heating, electricity, industry, and cooking.

As such, the U.S. has urged Europe to bolster its energy security by expanding pipeline capacity and integrating markets, diversifying supplies, and increasing storage to reduce the political risk associated with this dependence.

These same concerns are mounting in another country that has rapidly become dependent for its energy on a single supplier that suddenly poses new political risk. Mexico worries that under an America First energy policy, the United States may become the new Russia.

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