The Journal of Energy and Development, autumn 2005, volume 31, number 1

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Paul J. Stevens, “‘Resource Curse’ and How to Avoid It.” The article addresses the phenomenon of “resource curse” as it affects countries that are... (More) Paul J. Stevens, “‘Resource Curse’ and How to Avoid It.” The article addresses the phenomenon of “resource curse” as it affects countries that are dependent upon hydrocarbon and mineral exports. After discussing the concept of “resource curse” and its origins, the paper considers the experience of those nations that the literature asserts avoided a “curse” and secured, instead, a “blessing.”

Øystein Noreng, “The Rise of Asia and the Restructuring of International Oil Trading: Neo-Mercantilism versus Globalization?” This article discusses initiatives by China and India to secure energy supplies.

T. V. Ramachandra, Yves Loerincik, and B. V. Shruthi, “Intra- and Inter-Country Energy Intensity Trends.” This paper presents intra- and inter-country trends in energy intensities by comparing the energy consumption per capita and energy consumption per GDP for various nations.

Matthew R. Auer, “Foreign Aid to Promote Energy Efficiency in Mexico: An Institutional Analysis.” This paper evaluates a nine-year U.S. aid project that promoted energy efficiency in Mexico.

Bin Shui and Robert Harriss, “Carbon-Dioxide Embodiment in North American Trade.” In this paper, the authors have estimated CO2 embodied in goods associated with North American trade.

Julie A. Urban, “New Age Natural-Gas Pricing.” There is mounting evidence that the United States has entered a new era of natural-gas pricing. This paper describes five major forces that are likely to support this new escalated price level.

Daniel Romo, Sergio Galina, and Alfonso Pérez, “Could Mexico Be an Important Source of Uncertainty for Oil Markets? Recent Trends in PEMEX Investment Projects,” Mexico is one of the world’s largest oil exporters, and it has a strategic role as a supplier in North America. However, the state company, Petróleos Mexicanos (PEMEX) has been under financial constraints over the past two decades (1980s and 1990s). It is close to entering a financial crisis due to the large debt accumulated over in recent years (1997-2005). In the near future, Mexico may no longer be able to increase its oil output due to the decline of its major fields and insufficient investments in exploration and production activities. The country could reduce its oil exports and become a net oil importer some time in the following 10 years. If this happens, the impact in the oil market will be significant not only because of the thin world supply demand equilibrium but also that it could occur in a place as geopolitically secure as Mexico. (Less)