By THE PULSE NEWS MEXICO STAFF Despite the fact that Mexican President Andrés Manuel López (AMLO) has repeatedly said that the state-run oil venture Petróleos Mexicanos (Pemex) will no longer use fracking practices to extract oil, Pemex on Wednesday, Sept. 15, presented a request for 11.657 billion pesos for a new fracking extraction project in 2022. The request represented a
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By RICARDO CASTILLO Storm Brews over Clean Energy Ban After the vociferous reaction from a number of top Mexican and international business organization leaders against the new ordinance published in the Official Gazette on Friday, May 15, by the Energy Secretariat called the Policy of Trustworthiness, Security, Continuity and Quality in the National Electricity System, as well as a myriad
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By THÉRÈSE MARGOLIS On Feb. 7, I wrote about how hydraulic fracturing – a process that produces fractures in subsoil shale rock formations to stimulate the flow of natural gas or oil, thus increasing the volumes of hydrocarbons that can be recovered for commercial use – is here to stay in the global world of energy production. Today, I am
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By THÉRÈSE MARGOLIS Napoleon Bonaparte once said that an army marches on its stomach. Similarly, in today’s world, an economy advances on its energy supply. And while oil and natural gas prices are down – and likely to remain down for a very long time, despite attempts by the OPEC fraternity to manipulate prices to the whims of Saudi Arabian
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By RICARDO CASTILLO At long last, we are beginning to hear some of the details of the United States Mexico-Canada Agreement (USMCA) negotiations. According to Mexican President-elect Andrés Manuel López Obrador (AMLO), the toughest clause was on energy, which was almost a deal-breaker. After heavy disputes, that bickering President Donald Trump finally softened his stance and spoke over the phone to AMLO.
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By RICARDO CASILLO U.S. President Donald J. Trump is in Davos, Switzerland, for a couple of days to participate in the 48th World Economic Forum (WEF) powwow of billionaires and presidents who this year meet under the motto “Creating a shared future in a fractured world.” What’s Earth-fracking Trump doing there? I wonder. The Gringo Lone Ranger is meeting with
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