Page 140 - STRATEGY Magazine

“I believe the companies that are currently looking at Mexico as a potential business partner can iden- tify substantial investment opportunities in the energy
industry. There’s a significant market, about 120 million people, that needs reliable energy at affordable prices and quality service.”
—Guillermo I. García Alcocer, Chairman, CRE
Hundreds of mature es- tablished oil and gas fields are waiting to be revisited onshore in Mexico. The availability of those fields for assignability is going to be really huge over the next ten
years. That’s how you create a robust, independent oil and gas industry, by sharing technology and ideas, but it’s going to take a while yet.
—William Waggoner, President & CEO, Mexico Petroleum Company
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“Mexico manufactures lighting that goes all over the world—to the United States, Canada, Europe, Asia, and South America. Regarding any changes to NAFTA, historically, the Mexican lighting industry has evolved to work with different administrations across the globe, including the United States, as its focus remains on the larger global market.”
—Sergio Villalón, CEO, Philips Mexicana
“Several factors, including greater competitiveness of renewable energy, are depressing the contribution of oil to the global economy. What does this mean for Mexico? It means lower revenues for the federal government and a lower credit rating for the country, among other things. Standard & Poor’s and Moody’s have just downgraded Mexico’s credit rating, and that’s because there is less government revenue related to oil exports.”
—David Shields, Managing Partner, General Director of Energía a Debate
“Customers are going to have a choice now, and they are going to find new providers of electricity. We’re go- ing to get new sources of fuel, whether it’s renewables or importing gas from the United States. For some, this change represents opportunity; for others, it’s risk. That’s why, if you’re an energy company, you have to focus on diversity in your portfolio.”
—David Fatzinger, General Manager, Latin America, InterGen