AMLO, just another failed, inept president of Mexico? Quite possible!
In honor of Thomas Paine and other Founders & Immigrants. In memory of my daddy Horst Bingel and my mom Irma Bingel
Showing posts with label Pemex. Show all posts
Showing posts with label Pemex. Show all posts
Thursday, October 17, 2019
Monday, December 16, 2013
Pemex No Longer Untouchable
Progress In Mexico
Even though President Enrique Pena Nieto (age 47) is a member of the long ruling and for decades the only party of Mexico, the PRI, he appears committed to bring Mexico into the 21st century.
Last week, Mexican Congress passed by a vote of 354-134 what may turn out to be the greatest economic reform in decades by exposing the state owned, very inefficient oil company Pemex to face more free market competition in exploration and production.
A Constitutional Change Is Required
Pemex is enshrined in the Mexican constitution like a national patrimony. Perhaps, finally a new, younger, more open minded generation of politicians has arrived.
This is great news for the Mexican people!
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