Credit The Fracking Revolution For Mexico's Oil Reforms That Make North America The World's Energy Superpower
[IBD] Mexico has passed its biggest energy reform since 1938, opening its state oil industry to foreign investment. This now makes North America the world's oil and gas powerhouse. Credit the fracking revolution.
After a bruising battle in Mexico's congress, dramatized by howls of "treason" and leftists stripping to their skivvies in an unedifying bid to claim the country is being "stripped" of its resources, Mexico's lower house voted 353-134 to end 75 years of government control of its vast oil reserves.
The decision followed a similar vote from the upper chamber on Tuesday night.
Posted by: Fred 2013-12-15 |