Over the last three decades, oil’s importance in the Mexican economy has diminished, with energy products shrinking from over three-quarters of all exports in 1982 to less than 15 percent in 2012. Still energy’s role in Mexico’s politics has not receded, in part due to the federal budget’s dependence on the sector—taxes and royalties comprise roughly a third of total inflows into government coffers. As the Congress negotiates the secondary legislation that will set the ground rules for opening up the energy sector in Mexico, the government will have to address this dependence as well, weaning itself from Pemex’s largesse.
- About Us
- Programs & Research
- DONATE NOW
What we are Reading.
- Obama’s immigration plan will halt deportations for 3.7 million – The Washington Post
- U.S. urged to look to Canada and Mexico amid energy revolution – The Globe and Mail
- Christie to talk trade, energy in Canada
- The US Is Moving Toward Patrolling The Mexico And Canada Borders With Drone – Business Insider
- The NFL Should Expand To London. But First: Canada, Mexico And LA. | FiveThirtyEight