Spotlight on Mexico. The domino effect: crude price changes since December 1982

Journal Article · Wed Feb 23 04:00:00 EST 1983 · Energy Detente; (United States)

OSTI ID:6581848

While world crude prices continue their downward slide, the world is watching Mexico to see how it follows the trend. If the cut to be announced is too deep, petro-dollars will be sacrificed; if the cut is too modest, share of market may suffer. Just as Petroleos Mexicanos (PEMEX), the state oil company, was the means for overextension in borrowing and for wrong-headed administration, at this moment PEMEX is becoming the means for Mexico's restoration. While Mexico confronts its worst financial crisis since the revolution, PEMEX confronts its most difficult challenge since nationalization of the oil industry in 1938. To stop the compromising flood of petro-dollars out of PEMEX, the national oil company has been made subordinate to the Ministry of Energy, Mines, and State Industries. What Mexico is doing about the PEMEX crisis may be promotive of Mexican nationalism and international bankers' security at the same time. This issue presents the Energy Detente (1) fuel price/tax series and (2) industrial fuel prices for February 1983 for countries of the Western Hemisphere. 5 figures, 7 tables.

• OSTI ID: 6581848
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 4:4; ISSN EDETD
• Country of Publication: United States
• Language: English and Spanish

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CARBONACEOUS MATERIALS
COAL
DATA
DEVELOPING COUNTRIES
ECONOMIC POLICY
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INFORMATION
LATIN AMERICA
MATERIALS
MEXICO
NATURAL GAS
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
PETROLEUM PRODUCTS
PRICES
STATISTICAL DATA
TAXES