Research Library

Since the first quarter of 2014, Brazil has been living in crisis mode as the result of a severe economic crisis in conjunction with an investigation into widespread corruption that has penetrated the highest offices in the government. Although the impeachment of Dilma Rousseff in 2016 did offer some hope for recovery, recent events demonstrate that Brazil's troubles are still ongoing. Contributing expert Sergio Fausto analyzes the main factors leading to this crisis and surveys the current economic and political situation.

Mexico's electricity market has engaged in a deep reform process after decades of a state-owned, vertically integrated, noncompetitive closed industry. Using different modeling strategies, the authors of this paper analyze electricity transmission planning under the new industrial and institutional structure, which is characterized by a nodal pricing system and an independent system operator (ISO).

This paper analyzes the possible impact of Mexico’s energy reform on the country’s environment, as well as the challenges to preserving natural resources and access to water while also supporting the expanding oil and gas sector.

U.S. energy policy is evolving under President Trump, and the changes will affect trade, foreign policy and relations with key global energy suppliers, including the Gulf Cooperation Council member countries. Fellow Jim Krane and Elsie Hung explore how U.S. energy and climate policies could change under the Trump administration and what implications these could have in the U.S. itself, for energy markets globally and for the GCC states.

This paper explores the constitutional and legal standards regarding oversight systems related to accountability, transparency and responsibility within the scope of the energy reform in Mexico. It analyzes these regulatory structures and assesses whether the procedures satisfy the constitutional principles that the energy reform establishes for the petroleum sector. It also identifies challenges and opportunities for improvement presented by the legislation.

Ambassador Edward P. Djerejian, director of the Baker Institute, makes the case for a comprehensive North American strategy in which the U.S., Mexico and Canada act in concert to become the global superpower of the 21st century.

Despite the recent energy reforms in Mexico, the conditions under which some economic sectors operate in Mexico reflect a reality that is still far from a competitive marketplace, and the benefits that such markets generate. The authors of this paper present three factors that, if not recognized in a timely manner, may limit the effective application of the most recent reform in the natural gas and electricity industries.

The development of the petroleum sector has been characterized by a succession of cycles of investment and expropriation that have been particularly pronounced in Latin America. This paper analyzes the causes of these cycles and the lessons that can be derived and applied during the implementation of the petroleum reform in Mexico.

Media reports that Pemex, Mexico's state-owned petroleum company, is looking for buyers for its fertilizer subsidiary may indicate that it is seeking to scale down operations by selling assets and, perhaps more importantly, to withdraw from an economic activity seen as strategic in reducing Mexico´s dependency on imports of basic staples such as corn.

This compilation of briefs addresses a range of issues the new administration will face in the coming years.  “It is our hope that these Baker Institute studies will prove to be useful starting points for the new administration to develop comprehensive, forward-looking solutions," said Baker Institute Director Edward Djerejian.