Mexico's natural gas pricing crisis: Will confrontation lead to policy liberalization?

This article was provided as a late-breaking adjunct to OGJ's North American Gas special report, which begins on p. 58.For the first time since 1976, a change in presidential administration in Mexico on Dec. 1, 2000, did not provoke a meltdown of the Mexican currency, evidence of the astonishing growth in confidence and the soundness of economic policy of former Pres. Ernesto Zedillo and his key advisors, principally Guillermo Ortiz and Luis Téllez.Just as astonishing, given the budgetary and staff resources assigned to it during the Zedillo administration (1994-2000), has been the post-inaugural meltdown in the credibility of the government's Houston-netback pricing policy...

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