On Dec. 5, Mexico held its first-ever auction for deepwater oil blocks in the Gulf of Mexico. A total of eight out of 10 blocks were awarded to various consortiums of leading international oil companies, such as ExxonMobil, Chevron, BP, Total and Statoil. The Mexican government estimates that the offshore fields hold as much as 11 billion barrels of oil and natural gas. The tender brought some much-needed economic relief for Mexico. As 2016 comes to a close, the country faces the most severe crisis originating north of the border in the United States since the 2008 financial meltdown, in [...]
Two years ago, the state of Michoacan on the southwestern coast of Mexico saw the rise of so-called self-defense groups. These were heterogeneous groups comprised of a mix of locals genuinely exasperated with the authorities’ inability to protect them from organized crime and cells of criminal organizations rivaling the state’s predominant drug cartel, the Knights Templar. Much has changed with regard to self-defense groups since then. In early 2014, federal forces took over security of large parts of Michoacan as the state government had become overwhelmed and largely infiltrated by organized crime. After tense negotiations with the federal government, self-defense [...]
MEXICO CITY — On the morning after the U.S. election, the front pages of Mexican dailies responded to Donald Trump’s win with shock. Given that Mexico found itself in Trump’s crosshairs throughout the race, Mexicans’ fears aren’t unfounded. But the U.S. president-elect might not be able to make good on every threat he made on the campaign trail. Consider the nearly 2,000-mile U.S.-Mexico border. Trump will face plenty of challenges to building the infamous wall that was a centerpiece of his candidacy. First off, physical obstacles abound, including the Algodones Sand Dunes in southern California; the Coronado National Forest in [...]
