Energy reforms in Mexico could spell competition for Canada

Canada has just months to a year to gain US support for a plan to transport Alberta oil down into that market, before the Mexican alternative becomes a more lucrative deal for the Americans.

Mexican Government Photo
Mexican President Enrique Peña Nieto speaks in Davos, Switzerland on Jan. 23.
Jorge Madrazo, Pablo Heidrich
Published: Monday, 01/27/2014 5:06 pm EST
Last Updated: Monday, 01/27/2014 6:56 pm EST

Mexico is the world’s 10th-largest oil producer and has some of the largest reserves in the Western Hemisphere. However, most of the easy-to-access reserves have been consumed, and the country’s state oil company Pemex lacks the funds and technology needed to exploit deep-water oil and shale gas reserves.

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