In the 1970's Mexico had an active and profitable oil industry, but it was affected by the decline in world oil prices.

Name: In the 1970's Mexico had an active and profitable oil industry, but it was affected by the decline in world oil prices.
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In the 1970s, Mexico's oil industry was booming, significantly benefiting from high oil prices. However, the industry was later impacted by a decline in world oil prices, which affected its profitability and economic stability.

In the 1970's Mexico Had an Active and Profitable Oil