October 2014, Vol. 241, No. 10

Features

Mexicos Energy Reform: Ready To Launch

Mexico is poised for an energy renaissance. It has ample reserves of oil and natural gas, experience in energy production, promising economic fundamentals, and industrial expertise. In recent decades, Mexico has suffered from declining oil production, insufficient gas supply, and high electricity prices. The fundamental obstacle to Mexican energy development was mustering the political will to allow the country access to the expertise, technology, and capital needed to open new energy frontiers. Mexico’s leaders have now decisively found the will to reform and passed a set of laws that can transform Mexico into a major energy and industrial power. The initial, constituti