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Friday, May 10, 2024

Why is the Mexican Energy Sector Collapsing?

Why is the Mexican Energy Sector Collapsing?

By Peter Zeihan

Coming to you from the edge of Giants Playground in CO’s Lost Wilderness. Today we’re talking about Mexico’s energy sector.

As I was heading out on this trip, a fire broke out in Mexico’s Cantarell oil field, which has long been Mexico’s largest oil-producing asset. However, even before this fire, oil production from this field was already down to but 1/8 of peak production.

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