Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation’s energy industry.
Will this include Mexican state oil company Petroleos Mexicanos, more familiarly known as Pemex?
The question is significant for the U.S.
Mexico is, according to the U.S. Energy Information Administration, now America’s second largest source of imports. Of the United States’ total crude oil imports averaging 9,033 thousand barrels per day (tbpd), Mexico provides 1,319 tbpd, exceeded only by Canada with 2,666 tbpd.
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