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Pemex Finally Enters the Modern World?

In the Palacio Nacional in Mexico City there is a mural by the artist Diego Rivera, chronicling a history of the exploitation of Mexico by outsiders – first the conquistadors, and more recently, foreign mining and oil companies, among others.  Yet now, despite Mexicans’ deeply ingrained cultural sense of exploitation by investor-owned oil companies (IOCs),… Full Story

Federal Reserve Bank of Dallas Considers Water Scarcity

This year, as state officeholders – and later voters – considered a new funding program for water infrastructure, supporters of the measure warned of the economic consequences that Texas would incur if it failed to act.  Several unsettling figures were plucked from the State Water Plan (SWP) and repeated far and wide. In a report… Full Story

Anti-Fracking Ordinances and Public Trust in Unconventional Drilling

Last week, voters in three cities in Colorado and one in Ohio passed moratoriums on hydraulic fracturing (“fracking”), the controversial drilling practice that involves injecting a mixture of sand, water, and chemicals under high pressure into underground shale rock formations to release oil and natural gas trapped in the rock. Boulder, Fort Collins, and Lafayette,… Full Story

Proposition 6 and Local Debt Levels in Texas

We recently blogged about a Columbia University study showing that there is a correlation between rising water rates and utility debt levels.  The study found, by way of recap, that utilities across the country have increased water rates to pay off new infrastructure, and – somewhat unexpectedly – the higher rates depressed the demand for… Full Story