Update on Mexico’s Energy Reform

Just a brief update: The energy reform I talked about recently passed the vote on the Chamber of Representatives too. No smuggling of legislators this time. Some Representatives did take the podium by force to try to block the proceedings, but the rest simply called for a vote from the floor.

It’s hard to oppose the new laws, no matter one’s political affiliation. Any attempts of privatization were eventually stricken out; the reform gives Pemex a slightly greater flexibility and autonomy from the government. It’s a very small step, but it was probably the only step that could be taken.