Oil after the revolution: Contextualizing the development of the Soviet oil industry with Mexican nationalization, 1918–1938

From 1920 to 1938, petroleum represented much of the raw potential of both Soviet and Mexican states. Each state, despite ostensive ideological differences, would eventually utilize a comparable mix of foreign cooperation and investment as well as state and private intervention to promote revenue generation from oil across the interwar era. By 1938, Mexico, like the Soviet Union, would seek full state control of its respective industries to address a parallel point of impasse in its industrial development, but this would only come after a combination of both its unique political circumstance and a clear and comparable divergence with the Soviet Union in terms of production outcomes.