Now that Mexico’s energy reforms are all but certain to go through, countries around the world are preparing to move in on the imminently available new energy market. The US has the expertise to frack Mexico’s prodigious shale reserves, but Asia has the demand to make it a strong investor in Mexico’s hydrocarbon riches.
Far reaching reforms like those passed last night in Mexico make it likely that our neighbor will see a huge job-creating bonanza in oil and gas production. The United States stands to benefit in several ways.
The Mexican Senate passed an historic energy reform bill late last night. The bill now heads to the lower house, where it is expected to pass. The reforms could kick-start the country’s stagnating oil and gas production and help it realize its goal of becoming the world’s “new Middle East.”
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.