Abstract

AGUILERA GOMEZ, Manuel; ALEJO, Francisco Javier; NAVARRETE, Jorge Eduardo  and  TORRES, Ramón Carlos. Considerations on the Reform of the Oil Industry in Mexico. Economía UNAM [online]. 2014, vol.11, n.33, pp.110-137. ISSN 1665-952X.

The energy reform constitutes a paradigmatic change. It means nearly unrestricted legal access to private investments and turns back both the exclusivity of the State in energy activities and the scope of Nation's sovereignty over hydrocarbons. The reform proponents believe as a matter of fact that private investors will react on the way they want to. A naive similar assumption was adopted regarding the convergence of both investors and Nation interests. Without demonstration, based on doctrinarian perception of the market laws, it is assumed that maximization of hydrocarbons exploitation, increased income for the government and the reversal of the present declining trend of the country's oil surplus will be in order. As a consequence of the protracted stagnation of the country's oil processing capacity (refining and petrochemicals) the reform will accentuate the crude oil exporting bias of the past three decades. The new paradigm represents a century long retrogression: a new exporting colonial enclave justified by the assumption that the presence of foreign investment will automatically translate into a widened hydrocarbons horizon for the country.

Keywords : Energy; Hydrocarbon fuels; Extraction and Refination; Government Policy.

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