• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 3 hours Could oil demand collapse rapidly? Yup, sure could.
  • 11 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 8 hours Are EVs Safer Than Combustion Engine Vehicles?
  • 4 hours What If Canada Had Wind and Not Oilsands?
  • 7 hours WE Solutions plans to print cars
  • 7 hours Russia, Saudi Push For Big Hike In Oil Output Despite Iran Opposition
  • 7 hours Oil prices going down
  • 12 hours Nopec Sherman act legislation
  • 11 hours Sell out now or hold on?
  • 14 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 16 hours China & India in talks to form anti-OPEC
  • 18 hours Sabotage at Tesla
  • 14 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 13 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 6 hours Oil and Trade War
  • 6 hours Australia mulls LNG import
Editorial Dept

Editorial Dept

More Info

Trending Discussions

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…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





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