Role of petroleum reserves in the development of the Mexican economy

Journal Article · Tue Jan 01 04:00:00 EST 1980 · Mater. Soc.; (United States)

OSTI ID:6725239

Valdes-Flores, R

New oil discoveries in Mexico are estimated at 130 billion barrels. Depletion curves are drawn on the basis of 150 billion barrels. Production at a cumulative rate of 6.5 billion barrels per year could proceed for about 30 years, while production could be sustained for several hundred years at a rate of 500 million barrels per year. Mexico needs exports to repair a balance-of-payments problem and develop new basic industries. The strategy developed in the Industrial Development National Plan sets goals for 33 different industries that focus on employment opportunities and assume unlimited oil and gas for industrial uses. The options available for economic growth vary, but there is a danger that increased revenues from oil exports could trigger a social crisis unless the political structure is able to cope with the problems of rising expectations. 17 references, 6 figures, 2 tables. (DCK)

• Research Organization: Virginia Polytechnic Inst. and State Univ., Blacksburg
• OSTI ID: 6725239
• Journal Information: Mater. Soc.; (United States), Journal Name: Mater. Soc.; (United States) Vol. 4:4; ISSN MSOCD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
INSTITUTIONAL FACTORS
LATIN AMERICA
MEXICO
NORTH AMERICA
PETROLEUM
PLANNING
RESERVES
RESOURCE ASSESSMENT
RESOURCES
SOCIO-ECONOMIC FACTORS