• 3 minutes CoV-19: China, WHO, myth vs fact
  • 6 minutes Trump reinvented tariffs and it worked
  • 9 minutes IEA Sees First Global Oil Demand Drop in a Decade on Coronavirus
  • 12 minutes Question: Why are oil futures so low through 2020?
  • 22 hours "For the Public's Interest"
  • 4 hours Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 1 hour Natural Gas from Cow Poop Used to Save the Environment and Help Farmers
  • 10 hours Coronovairus, Phase One Agreement, Lower for Longer
  • 11 hours Weekly U.S. Imports of Crude Oil. No, the U.S. is NOT oil & gas self-sufficient.
  • 4 hours Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 1 day China's Dreams of World Leadership are Fading
  • 29 mins Is cheaper plastics feedstock on the horizon?
  • 1 day Cheap natural gas is making it very hard to go green
  • 1 day Peak Shale Will Send Oil Prices Sky High
  • 1 day Has Trump put the USA at the service of Israel?
  • 1 day Europe’s Green Deal: Same Hysteria, Same Destruction

Looking North: Mexico and the US

Bottom Line: Energy reform in Mexico will probably happen in pieces, and more slowly than it first appeared, but it must happen.

Analysis: A recent presentation by a big oil CEO highlighted the US’ interest in working with Canada. A number of times throughout his presentation he compared the US/Canada combined market to China, Japan, Europe, and India. But North America doesn’t stop in El Paso.

In recent conversations with oil majors, the “Mexico fever” that erupted following President Enrique Peña Nieto’s pledge to reform the energy industry seems to have subsided since the specifics of his contemplated changes became public in the summer 2013. Those modifications leverage “partnerships” more than the inherent appeal of untapped reserves, which also means that the success of the reforms depends on flourishing partnerships.)

Just as the US is considering the Keystone XL pipeline, and greater imports of Canadian oil (especially from oil sands), Mexico should look north for US cooperation on its oil and gas projects. Pemex recently brokered a deal for the newly split Los Ramones gas pipeline running from Agua Dulce in South Texas through Nuevo Laredo and Tamaulipas to Aguascalientes (Los Ramones Norte – estimated cost US$1 billion) and then to Querétaro/Guanajuato (Los Ramones Sur – estimated cost US$800 million). TransCanada, Enagás (Spain) and GDF Suez France expressed interest in…




Oilprice - The No. 1 Source for Oil & Energy News