Mexico strikes it rich

Journal Article · Thu Dec 01 04:00:00 EST 1977 · Elements (Wash., D.C.); (United States)

OSTI ID:6204099

Large oil and natural gas discoveries promise to revive the country's struggling economy and rival the reserves of the Organization of Petroleum Exporting Countries (OPEC). A former oil importer, Mexico estimates its foreign exchange return will be in the billions of dollars. Construction of a natural gas pipeline linking with the US pipeline systems could supply 4% of US needs by 1982. Petroleos Mexicanos (PEMEX) began a six-year devlopment program in 1977 that could make Mexico a major US suppler with the advantages of proximity and independence from OPEC. Opponents to the government's plan for exporting oil and gas feel the discovery should first meet Mexico's energy needs and they fear exploitation by the energy-hungry US.

• OSTI ID: 6204099
• Journal Information: Elements (Wash., D.C.); (United States), Journal Name: Elements (Wash., D.C.); (United States) Vol. 36; ISSN LMNTD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020100 -- Petroleum-- Reserves-- (-1989)
021000 -- Petroleum-- Legislation & Regulations
03 NATURAL GAS
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ECONOMIC IMPACT
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INSTITUTIONAL FACTORS
LATIN AMERICA
MEXICO
NATURAL GAS
NORTH AMERICA
PETROLEUM DEPOSITS
POLITICAL ASPECTS
RESOURCE ASSESSMENT
RESOURCES