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Northern Mexico relies on Texas for its natural gas generation, but due to deregulation or corruption they have insufficient reserves and are going through simi
by cordite 6y ago
Northern Mexico relies on Texas for its natural gas generation, but due to deregulation or corruption they have insufficient reserves and are going through similar blackout practices.
- InvaderFizz 6y agoPemex was in terrible condition long before the opening up of the oil and gas market to competition. I expect that this event will change nothing long term, it is Mexico after all. If anyone is interested is how things look from the Mexican side, in English: https://mexiconewsdaily.com/news/natural-gas-shortage-triggers-major-power-outage/ https://mexiconewsdaily.com/news/natural-gas-shortage-trigge... https://mexiconewsdaily.com/news/blackouts-extended-to-29-states-gas-control-center-issues-alert-over-shortage/ https://mexiconewsdaily.com/news/blackouts-extended-to-29-st...
- fgonzag 6y agoDeregulation? It's a state owned electrical monopoly, could you explain why you think the Mexican energy market is deregulated?