Mexico Oil Diagnostic For 2024-2030

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For three decades (1988-2018), a consensus existed at the highest level of government that the legal framework and institutional architecture were inadequate to sustain energy security and promote economic growth made possible by increased supply of “machine energy” that is derivative directly or indirectly from fossil fuels. Policymakers in five successive presidential periods tried different approaches to attracting private investment in power generation (as of 1992), natural gas (2003), and oil (2011 and 2014).

Description

Insights from the energy census, 1988-2018: Public interest (download read-only version) – For three decades (1988-2018), a consensus existed at the highest level of government that the legal framework and institutional architecture were inadequate to sustain energy security and promote economic growth made possible by increased supply of “machine energy” that is derivative directly or indirectly from fossil fuels. Policymakers in five successive presidential periods tried different approaches to attracting private investment in power generation (as of 1992), natural gas (2003), and oil (2011 and 2014). This consensus was rejected in 2018 when a new government, led by Andrés Manuel López Obrador, chose policies to reposition the state energy companies center stage in their markets. The election of 2024 offers an opportunity for a new consensus.

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