Well, at least someone down there 'gets it'.
Fox has tried to 'open up" Pemex to foreign investors & the mex. congress wouldn't let him.
Should be interesting to see the outcome of the mex. congress. elections too.
Easier said than done. It's harder than getting Congress to open up offshore exploration along the US coast. The Mexican constitution prohibits any foreign company from drilling or operating oil and gas wells in Mexico. They also prohibit any domestic competitor to the state monopoly Pemex. Unlike the US, the state owns all mineral rights. If you are unfortunate in having oil and gas under your land, that's tough. Pemex will damage your property to extract it without paying any royalties or damages.