August 14, 2014

Mexico's Big Oil Reform Gamble

Andres Oppenheimer, Miami Herald

The Associated Press

The reform of Mexico’s corrupt and decrepit state-run oil industry was long overdue, and some leftist politicians’ opposition to private sector investments that are even sought by communist China and Cuba is a measure of how outdated they are. But if Peña Nieto doesn’t get the billions in foreign investments that are expected, and soon, such outdated rhetoric will become increasingly appealing to millions of Mexicans.

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TAGGED: Enrique Pena Nieto, Oil, Mexico

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