Last December Mexico approved a bill that would open its gas and oil resources to foreign investment. President Enrique Pena Nieto signed the bill into law on August 11th. The change is big one for the country which has maintained control over its gas and oil resources for 75 years. Some financial analysts and agencies like the U.S. Energy Information Administration predict the move could lead to massive economic growth. We’ll talk with Emilio Kouri, professor of history at the University of Chicago, about the history of Mexico’s energy sector and find out what de-nationalization may mean for its people.
Photo: AP/Eduardo Verdugo -A man wears a helmet with a miniature replica of the deep-water drilling platform and a message that reads in Spanish; "PEMEX (Mexico's state-owned oil company) is not for sale," during protests against a proposed energy reform bill, near the Senate building in Mexico City, Thursday, Dec. 5, 2013