Interior Department , the agreement will open up almost 1.5 million acres of U.S. outer continental shelf to exploration and development of oil and natural gas reserves . The United States and Mexico sign an agreement to cooperate on energy development . - July 1 – President Clinton signs the Energy Independence and Security Act of 2007 into law. The Transboundary Agreement requires approval from both countries ' national legislatures .
The United States and Mexico sign an agreement to cooperate on energy development . - July 1 – President Clinton signs the Energy Independence and Security Act of 2007 into law. The Transboundary Agreement requires approval from both countries ' national legislatures .