For Juan Pardinas, director general of the Mexican Institute for Competitiveness, U.S. energy independence was a major disruption.
Just this month China surpassed the U.S. as the [largest] importer of hydrocarbon products in the world, and the U.S. surpassed Saudi Arabia as the [largest] producer of hydrocarbons in the world. If you check the Energy Information Administration report, at the beginning of 2012, so we are talking about 18 months, they were expecting that the U.S. will surpass Saudi Arabia, but they were expecting it around 2017.
So in the last 16-18 months, the energy production in the U.S. has reshaped what I would say [is] a new global energy order. And that’s a disruption . . . a positive disruption from the perspective of the U.S. economy.
But what would happen to a country like my country, like Mexico? Eighty percent of our exports go to the U.S. Our main market for our energy products is the U.S. What would happen to political stability in a place like Saudi Arabia without the resources coming from oil and energy? This new energy global order will affect the lives of so many people in so many ways that only imagination could really help us to foresee the consequences of this new global order.