Money Morning Names Mexico a “Major Magnet for International Financing”

April 20, 2014

Mexico is quickly becoming a hotspot for international investors and financial institutions worldwide following a slew of historic reforms in late 2013 that opened up Mexico’s national oil company (PEMEX) to foreign investment in its considerable oil and gas reserves for the first time in 76 years.

“According to the latest estimates from the U.S. Energy Information Administration (EIA), Mexico has technically recoverable shale resources of 545 trillion cubic feet (cf) of natural gas and 13.1 million barrels of crude oil and condensate,” states Dr. Kent Moors, an internationally recognized expert in oil and natural gas policy . . .

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