Impact of Mexican oil on the world oil market

In recent years, since the quadrupling of oil prices in 1973-1974, much of the world's attention has been focused on the availability of petroleum resources, the price of those resources, and the viability of the Organization of Petroleum Exporting Countries (OPEC), whose unilateral actions have so drastically affected the prices. Mexico has now surged to the forefront of these issues. It is the intent of this report to weigh the impacts of Mexico's new role as a major supplier of petroleum resources on OPEC in particular and world energy markets in general over the next 20 years.