Energy Reform in Mexico

Mexico’s new president has been radically changing the state of the country. With massive improvement on the country’s education system and a more precise, stronger effort to help maintain Mexico’s infamous drug industry. One of Mexico’s largest problems was that it was not allowing foreign investment into its oil industry, or allowing the oil’s exportation.

Mexico has massive untapped oil reserves just waiting to be used within the Gulf of Mexico. Until today, Pemex, the leading company responsible for Mexico’s internal oil production, did not have the resources to tap those reserves remaining in the Gulf. With the new president’s actions taking effect, he will have to continue to map out the new international oil trade in Mexico. Both the public and the critics support his actions and he has already proven competent in other areas of his office.

Journal of Petroleum Energy © 2013 Frontier Theme