Impact of Mexican oil on the world oil market
The impact of Mexico's new role as a major supplier of petroleum resources on OPEC and the world energy markets over the next 20 years are discussed. A review of six alternative world supply/demand forecasts is presented. Revenue projections for each member of OPEC are included. A modified Kennedy World Oil Model is used to analyze the changes that will result from Mexican entry into the world oil market. Policy implications for the 3 major participants in the market (the Persian Gulf, Mexico, and the United States) are analyzed. Also discussed is the stated intention of certain Persian Gulf suppliers to limit capacity expansion. The question of whether a barrel of oil is worth more in the ground than it is in today's market in regard to Mexican policy is discussed. Backstop research and development and conservation of oil usage in the USA are also covered. (DC)
- Research Organization:
- Texas Univ., Austin (USA). Center for Energy Studies
- OSTI ID:
- 5628191
- Report Number(s):
- UT/CES-PS-7
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
MEXICO
PETROLEUM INDUSTRY
OPEC
PETROLEUM
MARKET
ECONOMIC IMPACT
USA
DATA COMPILATION
ECONOMIC ANALYSIS
ENERGY DEMAND
ENERGY SUPPLIES
FORECASTING
GOVERNMENT POLICIES
GRAPHS
PRICES
STATISTICAL MODELS
TABLES
THEORETICAL DATA
DATA
DATA FORMS
DEMAND
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
INFORMATION
INTERNATIONAL ORGANIZATIONS
LATIN AMERICA
MATHEMATICAL MODELS
NORTH AMERICA
NUMERICAL DATA
OIL-EXPORTING COUNTRIES
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
290200 - Energy Planning & Policy- Economics & Sociology