David L. Goldwyn, Neil R. Brown, and Megan Reilly Cayten
Publication Date:
08-2014
Content Type:
Working Paper
Institution:
Atlantic Council
Abstract:
Mexico is poised for an energy renaissance. It has ample reserves of oil and natural gas, experience in energy production, promising economic fundamentals, and industrial expertise. In recent decades, Mexico has suffered from declining oil production, insufficient gas supply, and high electricity prices.
Mexico's Congress passed its final hurdle to reform the Constitution and allow for private investment in the energy industry on December 12, 2013. This significant achievement heralds the most comprehensive energy reform in the last seventy-five years of the country's history.
Topic:
Economics, Energy Policy, International Trade and Finance, Markets, and Oil