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Tuesday, August 13, 2013

Mexico to Liberalize Oil Industry

 http://bonddad.blogspot.com/2013/08/mexico-to-liberalize-oil-industry.html

President Enrique Peña Nieto will take a leaf out of the history books when he reveals a long-awaited energy reform this week that aims to attract private companies to invest in Mexican oilfields for the first time since they were nationalised 75 years ago.
According to the story, there is sufficient political support in the Mexican Congress for this.  But only time will tell if it actually goes through.  If it does, it will be one of the most important developments in the oil market over the last 50 years.

All  that being said, let's take a look at the Mexican ETF.

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