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