Mexico’s energy dilemma: resource nationalism vs market liberalisation
In this Comment, Rolando Fuentes looks at the challenges facing the new Mexican government in the energy sector. Successive governments have been committed to energy sector reform, but it raises fundamental political and social issues. Resource, particularly oil, nationalism is at the heart of Mexican identity and underlies the central role of Pemex in its energy system. Despite the problems this creates, it would be unrealistic to expect rapid progress.