Mary Lou Pickel

Mexico’s energy problem – Oil, politics a difficult mix

MEXICO CITY — While record-high oil prices have filled the coffers of Pemex, Mexico’s state-owned oil company, experts say the good times mask a looming problem in the country’s energy sector.

The Cantarell oil field in the shallow waters of the Gulf of Mexico, Mexico’s biggest, is running low. Exactly when it will run out, nobody knows.

October 28, 2004

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