A New Middle East?
Ready For a Black Gold Rush?
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  • AD_Rtr_OS

    What guarantees are there that Pena Nieto won’t Pull-a-Cardenas and just expropriate all that foreign investment once it’s on the brink of paying off?
    And, without such guarantees, are foreign energy consortium’s going to risk their capital.

  • Jacksonian_Libertarian

    “Citigroup’s Ed Morse believes these reforms could as much as double the country’s oil production”

    I would rather hear from an oil wildcat entrepreneur than from a Banker, as to the profit potential of developing Mexico’s Government owned oil fields (there are dozens of competing opportunities worldwide). I think most Oil companies are going to be looking for cash up front contracts to develop Mexico’s oil, and freedom from Mexico’s oil labor gang in hiring workers.

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