Mexico Marches Towards Energy Reform
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  • Jacksonian_Libertarian

    This sounds way to optimistic to me, as if passing an amendment is suddenly going to make Mexican oil development a competitive investment. This ignores the extortion of the Mexican oil workers union, the corrupt politicians which must be paid off, the fact that the state owns all mineral rights, and that Mexico has proven that they will steal everything you’ve built if it’s valuable enough, not to mention the level of taxes you would have to pay. If I was an entrepreneur oil driller, with proprietary fracking skills, drilling highly profitable wells on private land in North Dakota or Texas, I wouldn’t touch Mexico with a Ten Foot Pole.

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