Energy Advisor

David Shields, independent energy consultant based in Mexico City: “The biggest challenges in Mexican energy policy should be restructuring and making efficient the state-run energy companies, reactivating private investment in the industry—which has been severely hindered by recent nationalist, ideological policie—and promoting the country’s transition to clean energy. But Mr. Maciel has signaled that none of this is of the slightest interest to him. He is just a caretaker, who unconditionally supports AMLO and Nahle. He has stated publicly that Mexico will export less oil next year and will return its oil production goal of two million barrels per day until 2030. The wars in the Middle East and Ukraine mean that the energy transition can be forgotten for now, he says. He has no proposals of his own nor any message for private investors. In fact, no one expects…”