Mexico’s Crude Oil Future Is In Jeopardy
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The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing the prospects of terminal (albeit gradual) output decline – Mexico in general and PEMEX in particular needs positive market stories that it can embrace as its narrative, a version of its future that does not necessarily mean to obsolescence. Yet upon closer inspection, much of the articulated narrative might seem rather counterintuitive. If anything,…
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