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During the past 36 hours, the Land of Man~ana became more like the land of "Right now would be fine". There are 31 States in the Republic of Mexico. Some are larger and some are smaller. Some are more populous, others are sparser. But, once a Congressional agreement has been approved with the same wording, dot by dot, crossed t by crossed t, then, in the case of a Constitutional Amendment the bill must be remanded to the Presidents of the Congress of each State for their review and action, if any. Simultaneously the Governor of each State receives the same legislation.
These State reviews can be tectonic at times, as the local politicians try to wrangle out a completion of a highway or a dam from the Feds. But, in this case, there have already been a sufficient number of States approving the Amendment to the Constitution authorising the Secretary of Government and the Secretary of the Treasury, at the discretion of the President of the Republic, to permit and prosecute to completion the opening of the Mexican market to drilling, refining, partnerships with Mexican firms, and the marketing of foreign petroleum products.
There exists a chance that PEMEX service stations might even start to be seen in the frontier, on the Texas side. They normally come equipped with nice convenience stores with clean rest-rooms...quite a novelty in Mexico until about 12 years ago. They have a good quality of gasoline and additives, so the competition might well work both ways, to the benefit of all.
So that is where we are. The work has been done. The Partido Revolucionario Democratico (PRD), essentially a hard socialist operation, did all their shouting, throwing of bags of blood (pig's blood or catsup actually) in the State Capitol buildings and in the surrounding streets, and they committed a minimal amount of damage for an Occupy bunch....it was apparent that the wind was out of their sales, and that they had lost the argument and the issue. The PRd and the entire leftist movement in Mexico ploughs shallower and plants less seed as each day goes by. People are just tired of useless chanting, traffick freezing marches, the vandalism, and the ever looming threat of violence that accompanies any interaction with them. The PRD is a party without a novel thought beyond selling Che' pullovers, and nationalisation of the chewing gum factory, NOW!
17 December 2013
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from the Wall Street Journal,17 December 2013
Mexican State Legislatures Approve Energy Changes
Oil Industry to Be Opened to More Private Investment
Updated Dec. 16, 2013 4:29 p.m. ET
MEXICO CITY—A majority of Mexican state legislatures have approved changes in the constitution that open the country's state-run energy industry to greater private investment and end a 75-year-old monopoly of state oil company Petróleos Mexicanos.
Early Monday, San Luis Potosí became the 17th state to vote in favor of the bill, which amends the constitution to allow for private firms to explore for and produce oil and gas for the first time since the 1938 expropriation of the industry.
Constitutional amendments in Mexico require a two-thirds majority vote in the Senate and lower house, and approval by a majority of the 31 state legislatures.
Last week, the Senate and the lower house of Congress approved the changes, which amend the three constitutional articles that formed the core of the country's restrictive energy laws. With the necessary state approvals, the Congress can declare the changes constitutional and send the bill to President Enrique Peña Nieto to be signed into law.
Mr. Peña Nieto, who is on a state visit to Turkey, said he would sign the bill as soon as he gets it back from Congress, which he expects in the coming days, according to a transcript from the presidential press office.
Once that happens, the government and Congress have four months to draw up the enabling legislation that will include, among other things, details of the contracts that will be offered.
Under the new energy laws, private oil companies will be allowed to produce oil and gas, either sharing profits in joint ventures with the government, sharing production, or under licenses where they will pay royalties on oil produced.
It also opens up oil refining, electricity and other areas of the energy industry to private concerns.
Passage of the energy bill, which was supported by the ruling party and conservative opposition but opposed by leftist opposition groups, marks the high point in a number of legal changes that Mr. Peña Nieto's administration managed to pass in its first year to raise the country's long-term growth potential. Earlier overhauls were made in education, telecommunications, banking and tax laws.
Write to Anthony Harrup at anthony.harrup@wsj.com
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El Zorro and I are involved at this time about the doors that might open that have not been anticipated. It bodes well for the Mexicans. It bodes well for the Americans and the Canadians. And, of course, it is a hopeful development for all of the Republic of Texas.
It should trouble any American to think that the Mexicans are stumbling out of a socialist mess that will take at least 20 more years to completely recover from, that horrid legacy of 1970 - 1982 and the Echeverria - Lopez Portillo mess, and that suddenly they act and approve something that is about 250 times bigger than the Keystone Pipeline.
And in the meantime the Selfie-taker-in-Chief plays with vixen Prime Ministrinas at a funereal affair in a foreign country, on a different continent.
Nero, come tune your fiddle, and then please resign.
It should trouble any American to think that the Mexicans are stumbling out of a socialist mess that will take at least 20 more years to completely recover from, that horrid legacy of 1970 - 1982 and the Echeverria - Lopez Portillo mess, and that suddenly they act and approve something that is about 250 times bigger than the Keystone Pipeline.
And in the meantime the Selfie-taker-in-Chief plays with vixen Prime Ministrinas at a funereal affair in a foreign country, on a different continent.
Nero, come tune your fiddle, and then please resign.
But now it is official. The doing of the deed has been done and the authorisation has become past tense. El Gringo Viejo genuinely never thought it would happen in this lifetime.
Wandering through the fog with a wistful smile to-night.
El Gringo Viejo