If we needed any more proof that government-run industries are destined for disaster, just look at Mexico.To date, the country’s oil and gas sector has been under the control of the government and its proxy, Pemex.Like most countries with government-controlled assets, any profits generated by the industry end up being diverted elsewhere. As a result, the country is experiencing the lowest level of oil production in 24 years.In many parts of Mexico, electricity is more costly per kilowatt-hour than in the United States. And given its paltry exploration efforts, it currently relies on imports for natural gas.That being said, there’s still a huge opportunity brewing south of the border.In fact, while it might seem unthinkable, the potential for a Mexican energy boom could be just as massive as the one in the United States.
- This RSS feed URL is deprecated March 23, 2018
- West Virginia, Ohio, Pennsylvania governors form shale gas agreement - Parkersburg News March 22, 2018
- Officials tout natural gas resources - Parkersburg News March 21, 2018
- Global commodity trader Koch cuts staff in restructuring
- Energy partnerships simplify business models to spur growth
- Mexico Strives to Generate a Homespun Fracking Revolution | 2018-02-21 | Natural Gas Intelligence
- Avant plans logistics system to import refined products into Mexico
- Mexico’s Natural Gas Dilemma | OilPrice.com
- India Wants Eleven More LNG Import Terminals
- Energy CEOs ask President Trump to fund Port of Corpus Christi Ship Channel Improvement Project – HBJ
- Q&A: Plastics boom keeps Houston humming – Houston Chronicle
- Commodities fund Jamison Capital to shut – Reuters
- www.LochridgeCapital.com analyst video on weather impact on Natural Gas, storage under 5 year average, exports to Mexico and LNG exports.