North America will become the world’s cheapest source of energy if Canada, Mexico and the U.S. pool their resources to reduce costs and generate industrial growth across the continent, the chief executive of Mexico’s state-owned oil producer said in an interview. The call for greater collaboration to leverage North American’s oil and natural gas boom comes as leaders of the three nations prepare to gather in Toluca, Mexico, for a summit on Feb. 19. Mexico, the U.S. and Canada should work together on matters such as regulation and infrastructure to make the most efficient use of the continent’s growing energy production that’s reshaping global markets, said Emilio Lozoya, the CEO of Petroleos Mexicanos , or Pemex. “More than a counterbalance” to the market influence of the Organization of Petroleum Exporting Countries, or OPEC, “I see it as our own strength,” Lozoya said in a telephone interview with Bloomberg News […]