As a result of the 2013 energy reform, oil and gas companies completing projects in Mexico must now meet mandatory requirements to utilize local goods and services suppliers.
The authors analyze the legislative framework in place to enforce the local content requirement and the economic implications of the policy.
What happens when Saudi Arabia, the world’s swing producer of oil, rejects its traditional market-balancing role? The job falls to American shale oil producers, which, initial data show, appear to be assuming the Saudi role.
Is there an immigration crisis? Considering recent apprehensions of unauthorized immigrants in the context of what has happened over the last 10 years, the data are inconsistent with an immigration crisis — at least a generalized immigration crisis.
There is a curious imbalance in energy markets in the Persian Gulf region: Five of the six Gulf monarchies exhibit shortages in domestic supply of natural gas. Meanwhile, Qatar holds the world's third-largest conventional reserves and is the world's No. 2 gas exporter. Why is Qatar, given its enormous resources and relatively small domestic needs, unwilling to supply gas sufficient to meet its neighbors' demand?