Mexico’s Energy Opening Looks Like a Success. Will It Last?
Mexico’s Energy Opening Looks Like a Success. Will It Last?
By
Benjamin Russell
With presidential elections around the corner, investor enthusiasm is no guarantee for Mexico’s new energy future.
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 ultimately be approved, writing...
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