Mexican authorities expects that the Energy Reform generate substantial modifications in the hydrocarbons sector. It would help the sector to grow and face the current difficult economic situation. But not only people involve in the Energy Sector could take advantage of this changes.
The fall in oil prices has deeply affected the economies, and Mexico has not been the exception. The oil states of Mexico are currently in crisis. They have lost more than 53 thousand formal jobs, during 2016, according to the Mexican Social Security Institute (IMSS). This figure duplicate the last year data when there were 25,000 layoffs because of low oil prices.
The insecurity in Mexico is something that worries the population or at least seven out of 10 feel insecure in the city where they live, according to the National Urban Public Safety Survey (ENSU) conducted by the National Statistics and Geography Institute (INEGI) in June.
Mexico exported about 92 million barrels to the US between January and May. It represents a 16.3% fall comparing to the same period last year, when the country sent 110 million barrels, according to a US Department of Commerce (DOC) report.
Fear is growing in Mexico, due to rumors of the possible return of Rafael Caro Quintero to criminal life. Rafael Caro is known as “The Narco of Narcos”. After his scandalous release in 2013, authorities believe that he is regrouping forces to regain his drug cartel.