{"id":35693,"date":"2018-07-03T06:41:01","date_gmt":"2018-07-03T11:41:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35693"},"modified":"2018-07-03T06:41:01","modified_gmt":"2018-07-03T11:41:01","slug":"mexicos-new-president-has-the-energy-sector-on-edge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35693","title":{"rendered":"Mexico\u2019s New President Has The Energy Sector On Edge"},"content":{"rendered":"

Mexico\u2019s New President Has The Energy Sector On Edge<\/a><\/h3>\n\"AMLO\"<\/picture>\n
\n

Mexico\u2019s historic energy reforms are now in focus with a change in administrations on the way.<\/p>\n

Andr\u00e9s Manuel L\u00f3pez Obrador (AMLO) won a landslide victory in Mexico\u2019s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power to remake the country. His party, Morena, also won a large number of governor\u2019s races and AMLO\u2019s former environment minister from when he was mayor of Mexico City followed in his footsteps and won the election for mayor in the capital city.<\/p>\n

The Mexican people, fed up with widespread corruption, poverty and violence, have handed AMLO a stronger mandate than any Mexican president in decades.<\/p>\n

AMLO has long supported a nationalistic outlook on energy, and spent years criticizing the liberalization of Mexico\u2019s energy reform. He repeatedly said that he would halt future auctions of Mexico\u2019s offshore oil and gas reserves, while also promising to investigate already-awarded contracts for cases of fraud.<\/p>\n

AMLO\u2019s election has the oil and gas industry on edge, which fears that a swing to the left imperils its investments in the country. The majorities in Congress for AMLO\u2019s Morena party could also neuter the strongest checks on his power.<\/p>\n

However, the energy reforms passed under President Enrique Pena Nieto were codified with constitutional changes, which throws up a very high bar for to clear for any changes, meaning that AMLO, despite his landslide victory, still faces a steep uphill battle to roll back the partial-privatization of the oil and gas sector, if he were to go down that road.<\/p>\n

AMLO has also suggested he would curtail or even end crude oil exports, diverting supplies for domestic refining. Mexico\u2019s aging refineries are operating way below capacity, and Mexico has become increasingly dependent on imported fuel from the United States.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mexico\u2019s New President Has The Energy Sector On Edge Mexico\u2019s historic energy reforms are now in focus with a change in administrations on the way. Andr\u00e9s Manuel L\u00f3pez Obrador (AMLO) won a landslide victory in Mexico\u2019s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[20760,517,6010,5332],"class_list":["post-35693","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-andres-manuel-lopez-obrador","tag-mexico","tag-nick-cunningham","tag-oilprice-com"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35693"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35693\/revisions"}],"predecessor-version":[{"id":35694,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35693\/revisions\/35694"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}