Category Archives: Energy

Mexico facing three more years of torpor under AMLO

As 2021 draws to a close and the administration of President Andrés Manuel López Obrador (AMLO) reaches its halfway point, the president has achieved at least one of his principal objectives: He is the only topic in Mexico.  In Trumpian fashion, AMLO has extinguished any hope that anything constructive will be accomplished during his reign, and all subjects now revolve around him.  ‘AMLO is a catastrophe, we are doomed!’  ‘AMLO is a saint, we are delivered!’  And on a more mundane level, will AMLO let anyone do business in this country, other than his protected devotees (who are making bank while the going is good)?  He has become a political Santa Claus, who knows who’s been naughty (the private sector) and who’s been nice (the military and anyone professing blind fealty to him), and he will continue to stuff the stockings of the nice with gifties like newly-created public enterprises and juicy no-tender contracts, while the coal will keep coming for the naughty.   Continue reading Mexico facing three more years of torpor under AMLO

COP26 and the calvary of Marcelo Ebrard

Back in 2003 or so, we attended a meeting of local business executives here in Mexico City and listened while they ranted and wrung their hands over the prospect of Andrés Manuel López Obrador (AMLO) someday becoming president. In our turn to speak we downplayed the alarm level, suggesting that if AMLO were ever to reach the presidency he would turn out to be more pragmatic in pursuing his agenda at the national level. Our opinion was rejected, to say the least, by the meeting attendees. Well, fast forward 18 years or so, and it turns out we were so wrong about AMLO we really ought to be fined and imprisoned for how wrong we were. Since the day he was elected, AMLO burst forth unleashed with the ether bottle in one hand and a scepter in the other, waging unconditional campaigns against the private sector, foreign imperialists, NGOs, science, academia, wind farms, women and a long list of other personal bogeythings. The range of active fronts in his war on sense is vast, and today we would like to offer some comments on the upcoming COP26 climate change conference and how it provides an example of Mexico’s free fall in the opposite direction of sound public policy. Continue reading COP26 and the calvary of Marcelo Ebrard

Recent and upcoming investment in Mexico


  • Canadian rail operator Canadian Pacific Railway reached agreement to acquire U.S.-owned carrier Kansas City Southern in a widely reported deal. The acquisition will create the first direct freight railway linking the three members of the USMCA North American free trade zone. (Reuters, September 15, 2021)
  • The Mexican subsidiary of Spanish bank BBVA raised its growth projection for the Mexican construction industry to 9% in 2021. BBVA Mexico’s head economist underscored however that the strong growth comes with respect to the sharp downturn in 2020 and should not be interpreted as full recovery for the sector. (Milenio, September 13, 2021)
  • Mexico became the world’s eighth largest exporter of food and agriculture products in 2020, the World Trade Organization reported. The country’s US$41 billion in agri-food exports were led by products such as beer, avocados, tequila, tomatoes and peppers. (El Economista, September 2, 2021). (La Jornada, August 18, 2021)

Continue reading Recent and upcoming investment in Mexico