Nov 28, 2011

Mexico Politics: Mexico Talks Monopoly Reform

O'Grady - "PRI presidential candidate Enrique Peña Nieto proposes a constitutional amendment to allow private investment in Pemex, the national oil monopoly.

For steady long-term growth, Mr. Peña Nieto argued, Mexico needs to return his party (out of power since 2000) to the presidential palace of Los Pinos so that he can administer the pro-growth policies the country needs. One of his proposals is startling coming from a PRI candidate: a constitutional reform that would allow private investment in the sacrosanct national oil monopoly, Pemex. Speaking of private investment in Pemex would have been PRI heresy only a decade ago. " read more

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