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- 1972 - A chain of oil fields were discovered in Chiapas.Oil prices rose
- 1973 - Production of oil surpassed the peak set in the 1920's
- 1975 - Producing far more than it consumed
- 1977 - Mexico started to boost the export to increase capital for things like new oil and gas reserves
- 1977-1980 - Mexico borrowed heavily to drill off-shore. Owing ₤12.6 million internationally (37% of Mexico's debt was owed to this)
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