When we talk about border security, we often focus on what the United States should do to stop illegal crossings. Less often discussed, however, is what can be done in Mexico (and elsewhere in Latin America) to dampen the desire to illegally enter the United States in the first place. One surefire way to achieve this: economic development.
Today, Mexico’s energy sector is experiencing a renaissance. Since 1938, the country’s energy resources were controlled by the state-owned oil company Petroleos de Mexico (Pemex), but facing declining production and insufficient extraction and refining technologies, Mexico is in the midst of implementing ongoing reforms that open oil and gas exploration to foreign companies. In fact, the first exploration and production contacts are already awarded.