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Mandateless
In Mexico Cover
Story: August 2006
by Richard R. Loomis and Susan Salter
As we reported in "Mexico: An Ally in the Balance" (March
2006), in an ever-widening desert of Latin American left-leaning
tendencies - culminating in the rise of nationalistic oil
companies in Venezuela and Bolivia - Mexico has remained
an oasis of capitalistic ideals as well as one of the staunchest
allies of the United States. This seems unexpected for a country
with a 100 percent state-owned oil industry and no ability for
outside investment in those resources.
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Editor’s
Note August 2006
The age of oil is nearing a crossroad, and in the future our path
can take two directions. Will the optimists prove correct? Are
we really awash in oil, and the current high prices and speculation
about supply merely reflect the
“doomsday” crowd sowing doubt among us? Or do today's volatile
conditions and uncertain supply portend a very real, very difficult tomorrow?
Could a full-fledged energy crisis blow up in front of us and disintegrate
the wall that represents the oil producing nations?
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