Scope of fossil energy resources in Mexico and the Andean Group

The article focuses on fossil energy resources in the Andean Group and Mexico, and argues for a dynamic approach to calculating reserves to production ratios. Individual countries are surveyed in terms of estimated reserves of fossil energy resources, current production rates and future prospects; energy policy options for individual countries are analysed. As a primary objective of energy policy is to ensure security of supply, it is important that calculations of reserves to production ratios accurately estimate the desired level of investment in exploration. The calculations need to take into account a variety of parameters, including different energy sources, availability and risk; geographic considerations including proximity, transport, storage capacity and commercial aspects; the competitive and environmental implications of developing indigenous resources; and the use of instruments to establish contingency plans for emergencies. The opinions expressed in this article are those of the authors, and do not necessarily reflect the views of OLADE, ECLAC or GTZ. The authors apologize for any inaccuracies or omissions in the article.