The regional scenarios document the possible impacts on emissions and air quality initiated by potential changes to policies on transportation, technology, fuel, and mobility systems during the upcoming decades. The intention of these scenarios is to show stakeholders that the implementation of sustainable policies plays a critical role in ensuring projected emissions do not become a reality (WEC, 2011).

The objective of this activity is to provide a source of information on current emissions projections and present scenarios for sustainable urban transport and climate change in Latin America and their potential impacts. These initially focus on Argentina, Brazil and Mexico.

3. Oil Reserves and Consumption

Mexican oil, reserves, and consumption (1,000 barrels)

Source: Energy Information Administration, 2012.

Mexican oil supply and cosumption (1,000 barrels)

Source: Energy Information Administration, 2012.

 

Mexico faces significant challenges in the area of transportation.  Due to its dwindling oil reserves, Mexico is faced with the challenge of redeveloping its transportation system with conservation in mind.

Rising motorization rates will be a major concern and could easily force Mexico into a downward spiral of constant road construction and motorization.  Alternatively, Mexico can adopt transit-oriented development and other smart development policies, which can significantly lower these risks.

Mexico has significantly depleted its internal oil reserves, and, barring the unlikely possibility of significant new discoveries, will become a net oil importer in the next twenty years.

Despite dwindling oil supplies, Mexico has not put a significant investment into alternative energy.  Mexico should not wait until they are reliant on oil imports to begin cutting back on dependence.  Global oil prices are on the rise and Mexico will suffer economically should they wait to invest until they have to.