Americas: No pain, no (oil) gain

Author: | Published: 23 Sep 2013
Mexico’s energy sectors will have to remove these - but when?

Three things are clear about the proposed opening of Mexico's energy sector to private investment. It is inevitable. It will be painful. And it is a long way off.

Since UK and US oil companies were expropriated in the 1930s, Mexico's has been a state-run energy sector, largely under the control of Pemex.

Given Pemex has been a source of national identity...