Sunday, August 27, 2017

The Wall of Prosperity

Will Mexico have an energy boom from privatized initiatives?

Mexico’s energy prospects brightened considerably after an international consortium of private companies hit it big with a “world-class” find in a shallow water region in the Gulf of Mexico that they had won the right to explore through a government auction. Premier Oil, Talos Energy, and Sierra Oil & Gas estimate that the Zama field they discovered may contain between 1.4 billion and 2 billion barrels of oil.

With a declining birth rate, economic growth in Mexico fueled by oil (if it can avoid Venezuela's socialist dystopia) could not only reduce emigration from Mexico but intercept Central American migrants heading for America.