Energy and Sustainable Development in Mexico

Energy and Sustainable Development in Mexico

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Description

The future of the oil and gas industry in Mexico affects both U.S. and world markets and, more importantly, the country's own economic development. Fossil fuels - oil, natural gas, and coal - account for 92 percent of all energy consumed in Mexico, creating two fundamental dilemmas for the country. How can it increase energy consumption at the same time it cleans up the air and water, and how can it sustain growth that is based on a nonrenewable resource? Since oil and natural gas are produced exclusively by Petroleos Mexicanos (PEMEX), a government monopoly, economists John R. Moroney and Flory Dieck-Assad center their study of the Mexican oil and gas industry on the recent history of that company and its complex relationship with the Mexican Secretary of Energy, Secretary of Finance, and Congress. The result is the first detailed account of PEMEX's fiscal situation during the twenty-year period from 1979 to 2000, a period of declining oil and gas reserves. The authors cogently assess Mexico's goals of sustainability and the major policy changes that will be required to achieve them. This book will be of interest to readers concerned with Mexican economic development and its prospects for the future.show more

Product details

  • Hardback | 224 pages
  • 147.3 x 236.2 x 20.3mm | 1,723.67g
  • Texas A & M University Press
  • College Station, United States
  • English
  • 22 figures, 59 tables, bibliography, index
  • 1585444626
  • 9781585444625

About John R. Moroney

JOHN R. MORONEY, a professor of economics at Texas A&M University, is the author or editor of a dozen books and many scholarly articles. FLORY DIECKASSAD is a professor of finance and accounting at the Instituto Tecnologico y de Estudios Superiores de Monterrey in Monterrey.show more

Review quote

"John Moroney and Flory Dieck have written an important book concentrating on the economy of Mexico since 1965 and the vital role energy plays in it. They also write a compelling narrative of the complex political relationships between the energy monopoly, Petroleos Mexicanos (PEMEX) and several branches of the government. Finally, they estimate an extremely valuable econometric model that links the various stages of oil and gas extraction: exploration, development, new reserves, and production. Few books about this subject have an analysis so comprehensive and so detailed. This book should be read by anyone interested in Mexican economy and its foundations for social progress."--Marcelo Chauvet, director de Consultoria Energetica and vice-president of the AMEDES, Mexican Association of Gas for Sustainable Growth--Marcelo Chauvet, director de Consultoria Energetica and vice-president of the AME"show more