Tag Archives: Energy

Just Another He Said, He Said

OPINION By THÉRÈSE MARGOLIS Despite the fact that U.S. Special Presidential Envoy for Climate Change John Kerry said Thursday, March 31, after a five-hour meeting with Andrés Manuel López Obrador (AMLO), that the Mexican president had agreed to make adjustments to his proposed electricity reform to ensure that it complies with the United States-Mexico-Canada Agreement (USMCA) and to respect all

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Mexico Suspends Gasoline Subsidies at Northern Border, Then Reinstates Them

By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel

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AMLO Says He Will Cancel Energy Contracts without Compensation

By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) said Friday, March 25, that under his controversial proposed Electricity Reform Bill, which would prioritize state-run companies using carbon-based fuels over private clean energy sources, there will be no government compensation for losses incurred by private-sector suppliers. In response to concerns expressed by U.S. Trade Representative Katherine Tai, who on

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Though Mexico Exports Crude, High Oil Prices Hurt Economy

By THE PULSE NEWS MEXICO STAFF Although Mexico exports crude oil, it is a net importer of carbon-based fuel, meaning that it imports more oil products than it imports. Consequently, the surging price of international oil, and by extension, all oil-based products, such as gasoline, will negatively impact Mexico’s finances, Janneth Quiroz Zamora, deputy director of economic analysis at the

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Keeping Gas Prices Low Will Cost Mexican Government Dearly

By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a

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CFE Plant Towers Collapse From Disrepair

By KELIN DILLON On Tuesday, March 1, the cooling towers of Mexico’s state-owned Federal Electricity Commission (CFE) thermoelectric plant in Mérida, Yucatán, collapsed in an incident facility workers say was triggered by a lack of maintenance.  Ironically, the plant’s structural failure comes amid Mexican President Andrés Manuel López Obrador’s (AMLO) repeated talk-ups of CFE infrastructure as the executive looks to

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