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Debate rages over Mexico's plan to open energy markets
Debate rages over Mexico's plan to open energy markets

Politicians stand on the podium in the lower house of Congress, waving signs and shouting, “Viva Mexico, THIEVES!” Outside, crowds demonstrate. The sessions drag on into the wee hours until an earthquake forces everyone to evacuate. It might be a rather typical week in the life of Mexican legislation, if it weren’t for the momentous nature of the laws that are under discussion. As early as Thursday, a potentially revolutionary reform of Mexico’s oil, gas and electricity industry is expected to clear its final hurdle. The lower house was on the verge Wednesday of approving so-called enabling legislation that will open energy exploration and recovery to scores of...

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