The opening up the Mexican energy sector under the Peña Nieto administration could bring profound changes to regional energy security, experts testified. A subcommittee on the Western Hemisphere in the House Foreign Affairs Committee heard testimony about the impacts of Mexican President Enrique Peña Nieto’s decision to open Mexico up to private investors after more than 70 years under a monopoly controlled by state-run Petroleos Mexicanos, or Pemex. “In hydrocarbons production, the completion of these reforms gives the United States, Canada and Mexico an opportunity to make North America a new foundation for global energy security,” Carlos Pascual, a former U.S. ambassador to Mexico and senior vice president for consultant firm IHS, testified. The government recently auctioned off rights […]