From Fausta's blog
Mexico Moves on Energy in Economic Reset
In Interview, Pemex Chief Says Overhaul to Broadly Cut Costs Mexico Sees Energy as Key to Reset Economy - WSJ.com
Read more @ Mexico Sees Energy as Key to Reset Economy - WSJ.com
What I've always found interesting about the Mexican gas stations is how it's not all that cheap. The government drills, refines, and distributes the fuel and, instead of selling it cheap to its people, it uses it to prop of government bureaucrats and politicians. Will this really change?
Mexico Moves on Energy in Economic Reset
In Interview, Pemex Chief Says Overhaul to Broadly Cut Costs Mexico Sees Energy as Key to Reset Economy - WSJ.com
For decades, Mexicos energy policy has largely boiled down to exporting oil for cash to fund state spending. Now the new government is negotiating with rival political parties to curb that practice and instead use state monopoly Petróleos Mexicanos to a different end: cheaper energy, said Pemex CEO Emilio Lozoya.
In an interview with The Wall Street Journal, the 38-year-old chief said the administration of President Enrique Peña Nieto was striving to overhaul tax and energy laws this year that Mr. Lozoya said would result in cheaper energy for consumers and companies that could drive a more competitive economy.
Read more @ Mexico Sees Energy as Key to Reset Economy - WSJ.com
What I've always found interesting about the Mexican gas stations is how it's not all that cheap. The government drills, refines, and distributes the fuel and, instead of selling it cheap to its people, it uses it to prop of government bureaucrats and politicians. Will this really change?