Mexico's Drug Cartels Scare Oil and Gas Investors


Cattan, Nacha y Adam Williams [2014], “Mexico's Drug Cartels Scare Oil and Gas Investors”, Business Week, New York, 19 de junio,

Business Week
Fecha de publicación: 
Jueves, Junio 19, 2014
Idea principal: 

In Tamaulipas, Mexico, oil workers have been caught in the crossfire of cartels feuding for control of the US drug market, according to Alejandro Hope, a former government intelligence officer and now a security analyst at the Mexican Competitiveness Institute. Lawmakers in Mexico City are preparing rules that will allow foreign companies to drill in the country for the first time since 1938. But the violence may keep wildcatters away from the area, which is rich in oil and gas deposits. Shale will not take off in Mexico like it did in Texas in the near future, says Dwight Dyer, a Mexico City-based senior analyst for consulting firm Control Risks. Unless the security situation along the northeastern border improves significantly, smaller companies will probably take their time before jumping in.