Abstract

PUYANA MUTIS, Alicia. Managing Mexican Oil: Politics or Economics?. Perf. latinoam. [online]. 2008, vol.16, n.32, pp.67-102. ISSN 0188-7653.

During decades the policies towards oil and energy implemented in Mexico have resulted in the de pletion of reserves, the explosion of debt of Pemex (90 per cent of its capital), and the dramatic petrolization of the total fiscal revenue. High prices, the war on terror and political instability in oil rich regions have reinforced usA policy of "energy security" and the interest in the creation of the Common Market on Energy, as the way to strengthen the TLCAN. To respond to these two forces Mexico will have to reform its traditional oil policy. All possible options: to reduce the fiscal burden upon Pemex or to open to private investments the exploration of oil have excruciating political costs, which no government has shown the will to confront.

Keywords : Mexico; oil; Pemex; energy security; raw materials; OPEC; NAFTA.

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