Mexico’s dependence on foreign hydrocarbons was highlighted last month when a winter storm in Texas led to the interruption of natural gas deliveries from the United States, the source of most of the natural gas used in Mexico. Mr. López Obrador pointed to the ensuing blackouts as evidence of the need to lower dependence on foreign energy."
I don't see his aim for energy independence for his country as much different than for any sovereign country, including ours. Aren't we in FR always calling out for more energy independence from other countries, including China?
Too funny - big difference between Capitalist energy independence and socialist no energy.
Mexico's current offshore fileds are in need of major revamps. There are some new platforms and FPSO going in to pressurize some existing fields.
As to their Refineries, Mexico has a few refineries and power plants to support these refineries as well as some SABIC (Saudi) Chemical plants.
Should Mexico go back and re-nationalize this area of their economy, they will soon look like Venezuela
No doubt. But, Mexico has not developed a oil farm team to handle the oil production. Their last plays at nationalization have been destructive. This, sudden play will certainly create uncertainly at a time of rising oil prices. They are free to do what is in their best interest, but there will always be a reaction from markets, and movement of people.