From 2000 to 2014, Mexico exported around 9 billion barrels of oil equivalent—representing approximately $562 billion dollars (USD) in revenues—yet in December 2014, the remnant sum in the Oil Revenues Stabilization Fund was just $2.9 billion USD. This article analyzes the Mexican oil revenue management scheme used in this period, using evidence to analyze various explanations of how the Mexican oil revenues were used between 2000 and 2014 and to evaluate the institutional strength of the new Mexican Oil Fund for facing challenges in the near future.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.