β Scribed by Gustavson, John B. ;Gustavson, Jeff B.
No coin nor oath required. For personal study only.
ver the next ten years, our southern 0 neighbor may develop into a major gas exporter or may become totally dependent on imports of natural gas from the United States and Canada. Unusual business opportunities present themselves under both scenarios. However, first the causes for the present crossroads must be understood.
Three distinct past phases are easily recognized. First was a phase lasting half a century with natural gas being totally subordinated to oil until 1987. Thereafter, until the latest presidential election and the economic crisis in late 1994, was a short phase with attempted, but limited, transition toward increased natural gas consumption. Now, two years into the present phase of trying to meet increases in consumption, the state-owned oil company Petr6leos Mexicanos (PEMEX) is facing severe financial limitations, and industrial investors are facing numerous uncertainties.
The transition phase until 1994 deserves analysis here. In the late 1980s, the government decided to initiate a transition to natural gas
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