Has Oil Made Mexico Any Richer? – January 2, 2014
Thoughts of transitioning into the Shale Gas – Deep Oil Frontier
When news came to me that the country was 'reforming' its energy sector, I was excited about the process. I imagined a reform that would shift the country away from a fossil fuel based economy, and transition Mexico into the 21st Century. I imagined a strong focus on developing clean tech funds, policy and financial mechanisms for supporting the growth of renewable energy, and better distribution mechanisms for the massive wealth that oil and gas usually leave behind.
As I came to the last pages of the document, however, I had still many questions. One of the Reform's main strategies is to exploit shale gas, and deep offshore-oil, and not renewable… more
by: Diego Ponce de Leon Barido