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Wednesday, February 17, 2010

Tourism in Mexico, Mexico City, North America





























According to the World Tourism Organization, Mexico has one of the largest tourism industries in the world. In 2005 it was the seventh most popular. The most notable tourist draws are the ancient Mesoamerican ruins, and popular beach resorts. The coastal climate and unique culture – a fusion of European (particularly Spanish) and Mesoamerican cultures; also make Mexico attractive. The peak tourist seasons in Mexico are during December and during July and August, with brief surges during the week before Easter and during spring break at many of the beach resort sites which are popular among vacationing college students from the United States.

Mexico is the twenty-third highest tourism spender in the world, and the highest in Latin America.
Energy production in Mexico is managed by state-owned companies: the Federal Commission of Electricity (Comisión Federal de Electricidad, CFE) and Pemex (Petróleos Mexicanos). The CFE is in charge of the operation of electricity-generating plants and its distribution all across the territory, with the exception of the states of Morelos, Mexico State, Hidalgo and Mexico City, whose distribution of electricity is in charge of the state-owned Luz y Fuerza del Centro. Most of the electricity is generated in thermoelectrical plants, even though CFE operates several hydroelectric plants, as well as wind power, geothermal and nuclear generators
Natural resources are the "nation's property" (i.e. public property) by constitution. As such, the oil sector is administered by the government with varying degrees of private investment. Mexico is the sixth-largest oil producer in the world, with 3.7 million barrels per day.[136]

Pemex, the public company in charge of exploration, extraction, transportation and marketing of crude oil and natural gas, as well as the refining and distribution of petroleum products and petrochemicals, is one of the largest companies (oil or otherwise) in Latin America, making US $86 billion in sales a year,[137] a sum larger than the GDP of some countries. Nonetheless, the company is heavily taxed, a significant source of revenue for the government, of almost 62 per cent of the company's sales. In 1980 oil exports accounted for 61.6% of total exports; by 2000 it was only 7.3%.

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