Mexico wants in the oil boom. President Enrique Pena Nieto is actually providing LEADERSHIP to get his country on track to participate. His first task is cleaning out the corruption and bureaucracy in Pemex, the state-owned oil company.
Check this out. Since the oil boom has been skyrocketing in America, production in Mexico dropped 25-percent. Pemex LOST 13-billion dollars on 126-billion in revenue last year. And as a result, Mexico itself is almost broke.
Now, President Pena Nieto wants to turn it around. There’s a lesson to be learned here. Energy EQUALS abundance. Economically, politically, socially. When you corrupt it, politicize it, ban it, and demonize it….you’ll end up broke and reliant on others. Hopefully we’ll get some true leadership in Washington soon to help keep our boom….booming.