Weaknesses in Mexico’s Oil Sector are Creating ‘Chaos’ during the Holiday Season

January 17, 2017

Officials say it’s time for Mexicans to pay market prices for gasoline and longtime subsidies are not sustainable especially with the peso’s dramatic fall against the U.S. dollar. Earlier this year, the first gas stations run by companies other than Pemex began operating as part of the reform, on the theory that injecting competition will level the field for consumers. They are still far outnumbered by Pemex stations, however.

Business Insider, Dec.31, 2016

The LA Times, Jan. 3, 2017

Valley Star, Jan.4, 2017

Yahoo News, Jan.9, 2017

Featuring: Jorge Piñon, Director, Latin America and Caribbean Program, Jackson School of Geosciences