Mexico Faces Unrest Following Energy Protests

Mexican President Enrique Peña Nieto faces riots amid record low approval ratings. Flickr.

Last week, Mexicans took to the streets to riot, loot, and blockade streets to protest the government’s January 1st announcement they would raise maximum oil prices by 20%. The move is the first of many steps to deregulate Mexico’s energy sector. Dependent on gasoline imports, policymakers expect the decrease in subsidies will attract foreign investment and increase competition against the state-controlled oil company, Pemex. But it appeared the government was unprepared for the widespread contempt.

Read the Full Article Here

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s