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Mexico is heavily dependent on oil funds. However, amidst the decline of the oil revenue, lawmakers have proposed an increase in the nations VAT to offset losses. Will the raise in taxes help Mexico's economy? Or is it a tax that is unfair to the nation's population?

With the increasing demand for oil, developers are looking into projects like the Lower Tertiary in the Gulf of Mexico. While such developments could produce as many as 15 million barrels of oil, they would also be plunges into the unknown. Not much is known about the Lower Tertiary, and therefore any possible developments there could obtain less oil - and less profit. However, because oil is in such high demand internationally, the oil developments may actually prove to be economically beneficial to oil producers, given that the producers are willing to take the high risk in searching for the oil.