So it looks like Mexico’s president Enrique Peña Nieto is working hard to change the constitution to try to entice large oil companies back to Mexico.
This will be a major economy booster if he is successful, with many experts saying you can expect double-digit growth in the MX oil economy. This type of growth is the exact opposite of the slow decline that happened since the country’s 1938 nationalization of its oilfields.
We are talking about billions of dollars of growth money, with a lot of foreign investors since Brazil has lost its luster. This would benefit both the Mexican government and the people.
Lets hope that this reform gets passed, and PEMEX is finally dragged into the 20th century (kicking and screaming I’m sure).
So what are you doing to get ahead of this curve?