Critical Issues
Background:
Mexico ranked in 2009 as the world’s seventh largest producer of oil and occupies a particularly important place in the U.S. supply chain. Mexican production, controlled completely by the state monopoly Pemex, is past its prime, but still enough to account for 15 percent of the country’s total export earnings. Mexico also produces an increasing amount of natural gas and some experts believe it may have significant undiscovered reserves.
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