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Posted on 07/27/2013 10:22:03 AM PDT by JerseyanExile
Mexican President Enrique Pena Nieto will present an energy reform to Congress in August that proposes changing the constitution to encourage major new private investment in the oil sector, a senior lawmaker said on Wednesday.
Pena Nieto favors an overhaul of country's closed energy industry to lure private capital and boost flagging oil and gas production.
David Penchyna, leader of the Senate's energy committee and a member of Pena Nieto's Institutional Revolutionary Party (PRI), said the proposal will seek to change the constitution to allow either concessions or risk-sharing contracts.
"We will have President Pena's initiative in August," said Penchyna. "We do believe that the initiative will have to contain constitutional changes," he added.
Penchyna said he favors allowing concessions over production-sharing contracts.
"I think concessions have many advantages. They are the world's best proven model to provide an opening," he said.
Penchyna declined to specify which articles of the constitution the proposal will target. Articles 25, 27 and 28 govern the state's right to own, explore, produce, and commercialize the country's hydrocarbons.
(Excerpt) Read more at reuters.com ...
If it would boost their economy for the citizens instead of just for the few rich families, that’s a good thing. Maybe help keep the illegals from coming here...
Mexico just discovered oil. They’ve had it for years, but they just discovered it. “Mañana we will go looking for oil.” - Gallagher
I doubt it:
In July 2003, then-congressman Tom Tancredo (R-Colorado)gave Insight Magazine the following account of his conversation in Mexico with Juan Hernandez, head of the newly created Ministry of Mexicans Living in the United States. According to Mr. Tancredo:
“I asked about the purpose of the government agency he heads, since I had never heard of such a thing. He said its purpose is to increase the flow of Mexican nationals to the United States. I asked, ‘Why?’
"’It serves Mexico's needs,’ he said, and ticked off a list of such things as remittances to Mexico of $10 billion a year, which is 30 percent of the Mexican GDP [gross domestic product]. It provides employment for an exploding population, it alleviates social instability due to rising unemployment and it provides training for Mexicans, ultimately repatriating those skills back to Mexico.
"I responded to his final aim - repatriation of trained and skilled Mexicans back into Mexico - and asked, ‘Then your government would oppose amnesty for the illegal Mexicans in the United States?’
"He cried, ‘Oh no! We support amnesty totally. . . . by populating the United States with millions of Hispanics who are tied economically, politically and linguistically to Mexico, we are able to exert enormous influence and pressure on U.S. policy and its dealings with Mexico.’
"President Vicente Fox believes the U.S. border is a figment of the imagination. In fact, Fox and/or members of his government stated at one point that the borders of Mexico extend much farther north than currently drawn on the map.”
The Mexican govt. is obviously smarter than the US govt.
Here is a great way to solve this problem.
Charge tax on money leaving the United States. If a Mexican family is here and wants to send money back to Mexico, they can at a 21% tax.
They’ve been “talking” about this for years.
Maybe someday they will try doing something about it.
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