Energy and Sustainable Development in Mexico
Economics - Environmental History
6 x 9, 156 pp.
61 tables. 18 graphs.
Pub Date: 10/25/2005
Texas A&M University Economics Series
  cloth
Price:        $48.50 s

978-1-58544-462-5
  paper
Price:        $19.95 s

978-1-60344-103-2

Published by Texas A&M University Press

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Energy and Sustainable Development in Mexico

By John R. Moroney and Flory Dieck-Assad

The future of the oil and gas industry in our neighbor and NAFTA partner, Mexico, affects both U.S. and world markets and, more importantly, the country’s own economic development.

Fossil fuels—oil, natural gas, and coal—account for 92 percent of all energy consumed in Mexico. This creates two fundamental dilemmas for the country. How can it increase energy consumption at the same time it cleans up the air and water, and how can it sustain growth that is based on a nonrenewable resource?

Oil and natural gas are produced exclusively by Petroleos Mexicanos (PEMEX), a government monopoly. For that reason, economists John Moroney and Flory Dieck-Assad center their important study of the Mexican oil and gas industry on the recent history of that company and its complex relationship with the Mexican Secretary of Energy, the Secretary of Finance, and Congress. The result is the first detailed account of PEMEX’s fiscal situation during the twenty-year period from 1979 to 2000, a period of declining oil and gas reserves. Energy and Sustainable Development in Mexico provides a vertically integrated model of exploration for oil and gas and development of reserves, the geophysical basis of production.

The authors cogently assess Mexico’s goals of sustainability and the major policy changes that will be required to achieve them. Although their analysis of Mexico’s energy sector is based on rigorous econometric models, the book will be of keen interest and easy access to readers concerned with Mexican economic development and its prospects for the future.

 

 

John R. Moroney, who was a professor of economics at Texas A&M University, received his Ph.D. from Duke University. He was the author or editor of a dozen books and many scholarly articles. Flory Dieck-Assad is a professor of finance and accounting at the Instituto Tecnológico y de Estudios Superiores de Monterrey in Monterrey, Mexico. She holds a Ph.D. from Tulane University and is author of the textbook used in courses on financial institutions in universities throughout Mexico.

What Readers Are Saying:

“John Moroney and Flory Dieck have written an important book concentrating on the economy of Mexico since 1965 and the vital role energy plays in it. They also write a compelling narrative of the complex political relationships between the energy monopoly, Petroleos Mexicanos (PEMEX) and several branches of the government. Finally, they estimate an extremely valuable econometric model that links the various stages of oil and gas extraction: exploration, development, new reserves, and production. Few books about this subject have an analysis so comprehensive and so detailed. This book should be read by anyone interested in Mexican economy and its foundations for social progress.”--Marcelo Chauvet,director de Consultoría Energética and vice-president of the AMEDES, Mexican Association of Gas for Sustainable Growth

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