Mexican Oil: Its History, Development and Future
ARMY WAR COLL CARLISLE BARRACKS PA
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Oil has been an important resource in the modernization of Mexico. Most of Mexican economic development since petroleum nationalization has been based on this strategic source of energy by means of exploitation and exportation. Postrevolutionary governments have relied primarily on petroleum to accomplish the political, social and economic aims set forth in the Constitution of 1917. Oil revenues have allowed Mexican governments to pursue domestic political, social and economic goals and also ambitious foreign political and economic policies. This paper begins by describing the history of Mexican oil, focusing mainly on analyzing problems, goals achieved, development and oil policies since the oil nationalization in 1938 by General Lazaro Cardenas. Facts and policies related to the boom and crisis of the 1970s, 1980s are also analyzed as are efforts made in the 1980s, 1990s to save the country from the economic crisis. Current oil policies are reviewed and conclusions given.
- Economics and Cost Analysis