Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms will improve Mexico’s energy security, many in the industry believe they will actually lead to electricity being dirtier and more expensive. Despite being the second-biggest oil producer in Latin America, Mexico seems unable to effectively develop its oil industry. Challenges and failures have been discussed in the media for years, and it seems that even with President Andres Manuel’s (AMLO) new approach to the country’s energy sector few results have been seen. There are some challenges to Mexico’s oil and gas industry that have been around for years, with no political administration seeming to be able to resolve them. Some of the main obstacles to developing the country’s oil industry include declining oil reserves , the lack of financing […]