For years, Pemex has been one of the biggest sacred cows in the world. It's no coincidence that the Pemex tower stands in Mexico City for everyone to see. For some, it is a symbol of the Mexican revolution. For many others, it is a symbol of corruption and ineffectiveness.  Please add me to this group.  In recent years, President Peña-Nieto has been trying to reform Pemex.  It appears that he may have found a way of going around Pemex's rigid rules and bringing much necessary foreign investment. It looks as though Mexico's promising Shale Region is showing the way, according to this interesting article by Jamie Horgan: Don't look now, but Mexico is hoping that its recent energy reforms will turn the shale boom from a uniquely American phenomenon into a uniquely North American one. This summer, Mexico opened up onshore blocks of its Burgos basin region, just south of Texas. To date, the country's...(Read Full Post)