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Mexico´s ruling party says
´yes´ to energy reform

Associated Press, by Adriana Gomez Licon

Original Article

Posted By:Dreadnought, 3/3/2013 10:10:24 PM

MEXICO CITY — Mexico´s ruling party changed its platform on Sunday to allow for private investment in the oil industry, paving the way for a possible overhaul of a state-owned company that is seen as a pillar of the nation. Nearly 5,000 members of the Institutional Revolutionary Party, also known as the PRI, voted unanimously at their national convention to remove language in the party´s platform that for years had opposed injecting private money in the sector. Petroleos Mexicanos, or Pemex, is the only company that can carry out oil refining

      


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Reply 1 - Posted by: devnull, 3/3/2013 10:48:06 PM     (No. 9206685)

No real surprise. There is no way to make a North American Union work without opening up the Mexican market to privatization. The Mexican economy is just too inefficient and the deal makers know it. This would be East-West German integration all over again, if not worse.

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Reply 2 - Posted by: Spidey, 3/4/2013 3:02:28 AM     (No. 9206804)

Carlos Slim could probably purchase the entire industry out of pocket change.I´m still puzzled how he gets a cut of every Obamaphone.

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