Market Comment 011: Joint Senate Committee Report on Energy Reform

Joint Committee on Mexican Energy Reform

By early afternoon on Saturday, December 7, copies of the Joint Senate Committee Report had been leaked to reporters based in Mexico City; and by the end of the day the 295-page report was posted online. Our report offers our initial reactions, along with caveats.

There is much to applaud on the oil side, less on the power side. The legal strategy carries some risk: the idea is to append this document to the proposed constitutional amendments as a framework that will bind the congress in 2014 when it writes implementing legislation.

We include a 3-page table of contents to the Senate document.

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Joint Senate Committee Report on Energy Reform

Written by

Mexico Energy Intelligence

Baker & Associates offers niche-market business and policy intelligence related to Mexico's oil and gas, power and chemical industries. Over 1,000 reports have been issued in the last 20 years. Subject matter expert and publisher George Baker, who directs the firm, has carried out consulting assignments starting in the late 1970s at the height of the Oil Boom in Mexico. He brings bilingual and bicultural skill-sets to understanding and responding to challenges of business and public policy, coupled with a deep familiarity with the history and idiosyncrasies of the Mexican operating environment.