AMLO’s push to expand state control over energy markets is misguided and harmful.
In Nov. 2013, just weeks before Mexico’s historic energy opening was signed into law, two-time presidential candidate Andrés Manuel López Obrador sent an open letter to the CEO of ExxonMobil, Rex Tillerson “informing” the executive that Mexico’s oil belonged to its people. López Obrador urged Tillerson to measure the costs of investing in Mexico should the reform … Read more
In Mexico, the debate on opening the state oil company, Petróleos Mexicanos (Pemex), to private investment is well under way. On September 8, as President Enrique Peña Nieto unveiled the government’s budget for 2014, several thousand protesters gathered in the center of Mexico City in front of a massive banner that read “Por Nuestro Presente … Read more