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Mexico Opens Energy Sector, but Investors May Hesitate

Mexican President Enrique Pena Nieto signed into law on August 11 a number of changes to his country’s energy sector that are designed to open it to private investment for the first time since it was nationalized on March 18, 1938. That day is celebrated in Mexico as a national holiday and many Mexicans are opposed to reform. Without outside help, though, Mexico’s oil production will continue to fall. As output from Mexico’s main oil fields has dropped, the country’s future prosperity has...

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