Can Mexico's Oil and Gas Production Keep Pace With the Nation's Energy Needs?
As Mexico's economy has modernized, one notable and vital sector has failed to keep pace with the dynamic changes taking place around it. Production of hydrocarbons continues to decline, and this underperformance could have significant and negative consequences for the rest of the economy. During his campaign, recently elected President Enrique Peña Nieto spoke of energy sector reform as a national priority. So is the time ripe for significant change? And is there agreement on the nature of the problems and preferred solutions? To gain perspective on the current situation and the potential for reform, we spoke with Mexican energy policy expert and Wilson Center Mexico Institute Director, Duncan Wood.