The doctor strikes again
Nancy Flores
The two main drivers of opening Pemex to private foreign capital are false, say researchers: the third largest oil producer in the world does have economic capacity-has a surplus of 300 billion pesos, while the alleged risk that the wells are shared with U.S. border is fictitious, because global industry still lacks technology to exploit ultra deposits.
Pemex country's largest and third largest oil producer in the world, Petróleos Mexicanos (Pemex), is incompatible with the economic model imposed from the administration of Carlos Salinas de Gortari, said Fabio Barbosa Cano, a researcher at the Research Institute Economics National Autonomous University of Mexico (UNAM).
energy sector specialists agree that this is the reason that drives the opening of the company to private foreign capital, not lack of resources or technological failure. The "arguments" put forward to legalize shortly privatization of Mexican oil industry are false, they say.
addition to bill nearly 38 billion dollars a year just for oil exports, Pemex has a surplus of 300 billion dollars accumulated since 2002. Moreover, even the risk of losing the cross-border deposits (which are on the border Mexico and U.S.): global industry still lacks the technology to exploit wells of more than 3000 meters deep, feature detected in the border areas of the Gulf of Mexico.
"There is no support in terms of capital needed. It is the opening by the opening itself, because there is capital. The money is and will continue coming. The problem is that five years ago forced Pemex has a surplus of 300 billion pesos, divided into financial instruments, "said Victor Rodriguez Padilla, PhD in energy economics from the University of Grenoble, France.
researcher at the Faculty of Engineering UNAM details that Pemex does not reverse these approximately 30 billion dollars, because the Ministry of Finance and Public Credit stops him: that is stable fiscal deficit in Mexico. Continue reading
The two main drivers of opening Pemex to private foreign capital are false, say researchers: the third largest oil producer in the world does have economic capacity-has a surplus of 300 billion pesos, while the alleged risk that the wells are shared with U.S. border is fictitious, because global industry still lacks technology to exploit ultra deposits.
Pemex country's largest and third largest oil producer in the world, Petróleos Mexicanos (Pemex), is incompatible with the economic model imposed from the administration of Carlos Salinas de Gortari, said Fabio Barbosa Cano, a researcher at the Research Institute Economics National Autonomous University of Mexico (UNAM).
energy sector specialists agree that this is the reason that drives the opening of the company to private foreign capital, not lack of resources or technological failure. The "arguments" put forward to legalize shortly privatization of Mexican oil industry are false, they say.
addition to bill nearly 38 billion dollars a year just for oil exports, Pemex has a surplus of 300 billion dollars accumulated since 2002. Moreover, even the risk of losing the cross-border deposits (which are on the border Mexico and U.S.): global industry still lacks the technology to exploit wells of more than 3000 meters deep, feature detected in the border areas of the Gulf of Mexico.
"There is no support in terms of capital needed. It is the opening by the opening itself, because there is capital. The money is and will continue coming. The problem is that five years ago forced Pemex has a surplus of 300 billion pesos, divided into financial instruments, "said Victor Rodriguez Padilla, PhD in energy economics from the University of Grenoble, France.
researcher at the Faculty of Engineering UNAM details that Pemex does not reverse these approximately 30 billion dollars, because the Ministry of Finance and Public Credit stops him: that is stable fiscal deficit in Mexico. Continue reading
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