WHATEVER HAPPENED TO THE MEXICAN OIL BONANZA? THE CHALLENGES OF MEXICO'S NEW OIL FUND

摘要

From 2000 to 2014, Mexico exported around 9 billion barrels of oil equivalent-representing approximately $562 billion dollars (USD) in revenues-yet in December 2014, the remnant sum in the Oil Revenues Stabilization Fund was just $2.9 billion USD. This article analyzes the Mexican oil revenue management scheme used in this period, using evidence to analyze various explanations of how the Mexican oil revenues were used between 2000 and 2014 and to evaluate the institutional strength of the new Mexican Oil Fund for facing challenges in the near future.