Could Gang Violence End Mexico’s Shale Dream?

Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.Mexico holds an estimated 545 trillion cubic feet of technically recoverable shale gas and 13 billion barrels of shale oil, but progress in developing those resources has been slow.The obstacles to kick-starting Mexico’s shale industry have dampened the once lively enthusiasm surrounding Mexico’s historic energy reform. Mexico passed legislation last year that opened up the country’s oil and gas sector to private investment, ending a 75-year monopoly by state-owned Petroleos Mexicanos Pemex.

via Could Gang Violence End Mexico's Shale Dream?.

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