USA main benefitted by the reformation

Nacional United States of America qualifies as a “historical step” for North America USA main benefitted by the reformation By: Carlos Damian September 21, 2013 The “Financial Times” highlights the risk that the progress can still be reverted Mexico. - The reformation to open the Mexicans energy to the foreign capital is considered in The States like a historical step for the good of America of the North, although it is celebrated with certain caution, since still there is not official reaction of Washington and most of the oil companies of this country keep silent before the public, so that they don't find out the truth. Some celebrate that the opening is wider than that foreseen, while analysts and newspapers stand out that apparently the foreign companies will have bigger "control” of which they waited on the petroleum taken place in Mexico. ‘The Wall Street Journal’ pointed out that the approved reformation “could be the legislation economic more transformer in one century” in Mexico, which ”exposes to the company of State petroleum, (…) to the free market". In its editorial published after the approval of the reformation by the Chamber of Deputies, on Thursday of last week, the newspaper expressed that it is difficult to exaggerate what this implies in political and economic terms for Mexico, United States and Canada. The new legislation, explained it doesn't only allow to companies to participate in exploration and production projects, but rather to the “outsider companies they will be allowed to take control of the produced petroleum, Mexico will have to assure that the rules of implementation of the law are written in such a way that they grant certainty to the investors that they can capitalize on their investments. If that happens, Mexico will begin to arise in the same way as a global power of energy that they have made it Canada and parts of The States". This American newspaper pointed out that the law on energy approved in Mexico a tendency that began with a series of presidents pro free market that continued with the Treaty of free Trade of America of the North (Nafta) in 1993 continues". The Financial Times reported that it “is difficult to exaggerate the meaning of the reformation, which opens the door to the return of Exxon Mobil and Royal Dutch Shell to the tenth producing of bigger petroleum of the world." Mexico should assure the secondary laws to the outsider With this historical setback the Mexican legislators have determined to return the resources in those that Mexico had control due to its culture and international experience conserving in its sacred culture March 18th, so that the foreign companies were expelled in 1938 due to the nationalization made by the General Lazaro Cardenas del Rio. However, in an editorial the same newspaper noticed that the degree of opposition in Mexico doesn't only show how so audacious it was the presidential initiative of EPN, but also the risk that the progress can still be reverted". For that reason it underlined that the “government wisely (it could choose) to differ the question on how the oil booty will be distributed, to win back for the principle of private property", and it indicated that the opponents will have more opportunities to mine the reformation when being debated the details for its implementation. Other, as the agency Bloomberg, stood out that the reformation will allow that the companies like Exxon Mobil and Chevron develop “the biggest area of raw explored after the arctic polar circle." The Washington Post it considered in an editorial that the reformation “will open the door for an economic take off of Mexico". It explained that with the reformation, the outsider companies will be able to associate with PEMEX to explore, to extract petroleum, and “to register prospective revenues of the production for accounting purposes, key to obtain financing". Stiller, the newspaper compared that achieved in Mexico with the little thing that it has been made in The States, “demonstrating how a more functional democracy can approach the problems but big and sensitive of the nation". It concluded that with this reformation, “Mexico will restore its place like producer bigger than petroleum". This way, while it collapses the economy of Venezuela and it stagnates that of Brazil, “Mexico it will be the producing of Latin America oil tanker that should be observed, and a model the democracy can serve to a country in development as how." Mexico will stop to be a country it expire Although the big American oil companies have not still emitted public opinions on the reformation, and according to versions in the means, they are waiting evaluating the secondary laws on their application, some executives have pointed out their satisfaction with that achieved. To open the oil sector to the foreign investment, it is a situation of desire "willingly- win" for all, William Colton, vice-president on a grand scale strategic of Exxon Mobil, indicated in declarations to journalists in the Center for Strategic and International Studies in Washington, last week. He added that it would be “very good for the people of Mexico and for the towns everywhere of the world that they use energy". Financial analysts don't hide their enthusiasm. In a report, Goldman Sachs “truly” considered the reformation “transformer” and it predicted that it will attract significant outsider investment starting from 2015". JPMorgan Chase & Co advances that the reformation could increase the foreign investment until 5 thousand million dollars and the growth economic potential half point, according to its report of November 28. Ed Morse, boss of investigation of goods of Citigroup, considered that there will be a production growth that “could really duplicate lots of the petroleum that Mexico takes place", according to declarations offered in interview with Bloomberg. "This will be an enormous opportunity for player's type in the energy sector. All the companies will have to notice and to begin to analyze Mexico", Pablo Medina indicated, of Wood Mackenzie Ltd., in Houston, to ‘Bloomberg News’. Several analysts pointed out that Exxon Mobil and Chevron will be very interested in the exploration possibilities and production in deep waters, while companies like Conoco Philips and EG Resources would be attracted by the resources of the gas shale. Investment politics' "experts", trade and the bilateral relationship have stood out the reformation like a “historical” moment that, for many, it allows that Mexico “leaves in the past” what the foreigners of “an old and worn-out nationalism” qualify like which Mexico takes place behind it has an old time that it has broken the development of the sectors of energy of the country. "Now we already pass beyond 1938". Duncan Wood, director of the Institute Mexico of the Centro Woodrow Wilson said. Critical to the prejudicial reformation energetic The Council of External relationships, the Atlantic Council, CSIS and other thinks tanks carry out forums and they write articles eulogizing the reformation like a step more toward the modernization the country (in several forums Mexican officials and American experts have participated, and almost without exception, any critical voice). In this context of intolerance we have Miguel Angel Osorio Chong's expression that has manifested disqualifications a priori that it closes all the beds for the expression of dissents and disagreement politicians. The official's attitude that dispatches in the palace of Covian is unacceptable in any context, but the more worrisome it is that the energy reformation will have foregone negative consequences in the economic, social environments and of the energy sovereignty; that it was endorsed by means of a dirty one processes the government's legislative and it was marked by the systematic negative of the officialism to subject it to consultation citizen (referendum). Such an attitude contrary to the good government has consolidated in the behavior of the group that holds the power, like it was demonstrated with the disqualifications rushed in its moment by the federal government's officials against the opponents of the labor, educational and fiscal reformations, approved in recent months in the Congress of the Union, in spite of stirring up the you criticize and the rejection of the population's wide and diverse sectors. The tendency to disqualify a priori those who don't share the vision of the governing group and they make public that opposition is a characteristic feature of authoritarian and Fascist regimens for what constitutes a division factor, hate and bitterness. It is desirable that the federal government's officials assisted these considerations and they stopped their insult attitudes and your hostility toward the critical sectors. (La Jornada, economia, p.p. 2 -5, December 20, 2013).