BRYAN, Tex. (KBTX) – Gov. Greg Abbott requested Mexican President Andres Manuel Lopez-Obrador to finish a political stalemate that has left a minimum of $three billion of funds and contracts for a number of pure gasoline pipelines in limbo.
“Mexico in 2013 mainly opened up its power sector to non-public participation,” stated Guillermo Garcia Sanchez, professor of legislation and power professional at Texas A&M College Faculty of Regulation. “Instantly, contractors within the U.S. might come do enterprise in Mexico.”
They usually did. Nonetheless, below the latest change within the Mexican administration, renegotiations are occurring, resulting in this downside of fee to many Texas companies.
Garcia Sanchez explains how this course of is affecting the oil and gasoline trade throughout the U.S. and particularly in Texas. See the video participant above for the complete dialog.