America’s oil business is booming, thanks to breakthrough techniques and heightened E&P. To the south, Mexico is struggling, and its shortage of fuel is becoming a concern. The head of Mexico’s oil production is state-owned Petróleos Mexicanos, or Pemex.  Mexico has become a major non-OPEC oil producer, exporting $40 billion in crude oil per year to the United States. Pemex dominates the country’s energy sector due to strict government policies and tight limitations on foreign ownership. The grasp on the energy sector is a major asset for t...


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