Local and External Forces: Understanding Key Factors behind Mexico's Energy Reform

Local and External Forces: Understanding Key Factors behind Mexico's Energy Reform

Throughout the logic of geoeconomics and geopolitics, countries become stronger or weaker as a result of how natural resources are wielded. The power derived from the management of natural resources has deep implications for any country. Mexico has recently completed a major energy reform, ending th...

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Veröffentlicht in:World Review of Political Economy. - Pluto Journals. - 4(2017), 1, Seite 41-56
Format: Online-Aufsatz
Veröffentlicht: 2017
Zugriff auf das übergeordnete Werk:World Review of Political Economy
Schlagworte:energy policy geopolitics geoeconomics Mexico oil Pemex national oil companies Political science Business Applied sciences Environmental studies
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520 |a Throughout the logic of geoeconomics and geopolitics, countries become stronger or weaker as a result of how natural resources are wielded. The power derived from the management of natural resources has deep implications for any country. Mexico has recently completed a major energy reform, ending the state monopoly on oil and gas and allowing private companies to invest in the energy sector. The reform aims at boosting the declining oil production and transforming Petróleos Mexicanos into a more competitive enterprise. When the reform was planned and implemented, the oil price was around 95 USD per barrel. However, since 2014, the international market has held decreasing oil prices that are spoiling prospects for a range of high-cost ventures in many countries. Mexico has not been the exception. This article analyzes, through the lens of geopolitics and geoeconomics, the main forces behind Mexico's energy reform. We also conclude that external actors are prevailing on the Mexican energy scenario; that Pemex is becoming weaker, not stronger; and that in the midterm the country's energy security will most likely be in the hands of few international oil companies. 
540 |a This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. 
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650 4 |a Business  |x Industry  |x Industrial sectors  |x Manufacturing industries  |x Fossil fuels industries  |x Oil industry 
650 4 |a Political science  |x Politics  |x International politics  |x International relations  |x International security  |x Security studies  |x Energy security 
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650 4 |a Business  |x Industry  |x Industrial sectors  |x Manufacturing industries  |x Fossil fuels industries  |x Oil industry  |x Oil companies 
650 4 |a Business  |x Business structures 
650 4 |a Business  |x Business operations  |x Commerce  |x Pricing  |x Prices  |x Commodity prices  |x Oil prices 
650 4 |a Political science  |x Government 
650 4 |a Business  |x Industry  |x Industrial sectors  |x Manufacturing industries  |x Fossil fuels industries  |x Oil industry 
650 4 |a Political science  |x Politics  |x International politics  |x International relations  |x International security  |x Security studies  |x Energy security 
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