The energy industry plays an important role in the Mexican economy, and energy trade is a major component to the U.S.-Mexico relationship. The Mexican government relies on the oil industry for 35 percent of total government revenues, including taxes and direct payments from Petróleos Mexicanos (Pemex), the state oil company. Mexico is the third-largest foreign crude oil supplier to the United States. However, with declining production and rising demand, Mexico could become a net oil importer in the coming decade. President Calderón pushed for energy sector reform in Mexico, but more reforms will be needed for Mexico to reverse its current path toward importer status. To examine these issues, this study identifies the dynamics of the political trends in Mexico that will impact future energy policy. Through this project, the Baker Institute seeks to promote a better understanding of the challenges facing Mexico’s oil sector and to enhance the debate among policymakers, the media and industry on these important issues.

 Baker Institute Policy Report 48: The Future of Oil in Mexico

 Informe de politicas publicas del Instituto Baker 48: El futuro del sector petrolero en Mexico

"El petróleo es nuestro": The Distribution of Oil Revenues in Mexico
By Paul Segal

"El petróleo es nuestro": La distribución de los ingresos petroleros de México
By Paul Segal

Scenarios for Oil Supply, Demand and Net Exports for Mexico
By Kenneth B. Medlock III and Ronald Soligo

Oil and Gas in Mexico: Geology, Production Rates and Reserves
By Manik Talwani

Energy Trade and Security Issues at the U.S.-Mexico Border
By Isidro Morales

The Macroeconomic Consequences of Falling Oil Revenues in Mexico: A Looming Crisis or a Mixed Blessing?
By Jaime Ros

Beyond Efficiency: The Politics of Investment Policies in the Oil Industry
By Carlos Domínguez

The Energy Factor in Mexico-U.S. Relations
By Isidro Morales

Oil and U.S.-Mexico Bilateral Relations
By Joe Barnes

Taming the Beast Within: The Mexican Energy Regulatory Commission
By Christopher Ballinas Valdés

Oil Policy Reform in Resource Nationalist States: Lessons for Mexico
By David R. Mares

Stuck in the Mud: The Politics of Constitutional Reform in the Oil Sector in Mexico
By Carlos Elizondo Mayer-Serra

The Revenue Efficiency of Pemex: A Comparative Approach
By Peter Hartley and Kenneth B. Medlock III

Coping with Adversity in the Mexican Oil Industry: Como Pemex no hay dos
By Laurence Whitehead

Click here to read more about the Future of Oil in Mexico Research.

Go to the event page to see video coverage of the April 29 event in Mexico City.