Oil Missteps in Mexico, 1982-2018

(MEI 891, HOUSTON, 04/24/2019) This report takes aim at the “Pemex corruption argument” that is presently in circulation. The argument is that the deteriorated state of Pemex may be explained by a pattern of corruption during the so-called neoliberal period of 1982-2018.

In this report, we interpret the present state of Pemex as a result of the many missteps taken in policy, leadership and implement during this period.

This report gives the reader a sense of how timid, ideologically constricted policies led to the unhappy outcomes that are seen today. We discount corruption as an explanatory variable.

In a separate report, MEI 890, which is still under review, we comment on the profiles of each of the 12 directors general during this period.

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Mexico Energy Intelligence

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.

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