... are a big deal. Our earlier take here. The link goes to the Financial Times, where a good article discusses the fact that the real impact of Mexico’s energy reform is in the rapid growth of pipelines linking it to the United States. Even considering the overly-optimistic projections for U.S. LNG exports, exports to Mexico will outpace them.
Mark to market: natural gas prices have been astonishing low for almost two years, yet American production continues to grow. I have some ideas, but unlike the persistence of tight oil production, it is not what I expected.
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