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Mexico Energy Reform & Foreign Gushers

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MEXICO DF -- When Mexican President Enrique Pena Nieto arrived at the March 18 rally, he was greeted like a rock star. Hundreds of local residents and employees of Petroleos Mexicanos had gathered in the eastern state of Veracruz for the annual celebration of the 1938 expropriation of foreign wells and the founding of Pemex. The workers, all dressed in white shirts and guayaberas bearing the Pemex logo, leaned over waist-high barriers to try to touch the photogenic president. They cheered and sang, breaking frequently into a chant normally reserved for the national soccer team. An outsider would have never guessed that, just three months earlier, Pena Nieto, had signed into law a constitutional amendment that Pemex, its powerful union and its political backers had fought against for decades. 

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Toyota Move puts Texas on Auto Map

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DALLAS -- Six short days ago, Texas lived on the outskirts of the auto industry, a dusty outpost with two factories and giant ambitions.Toyota changed that overnight, transforming Texas with a surprising announcement May 1 that it would move its U.S. headquarters from Southern California to Plano, along with 4,000 people. It gave the state instant credibility in the car world, industry experts say — and at an opportune time. As Mexico continues to crank out record numbers of vehicles for the U.S., automakers may see Texas as the ideal place for the divisions or offices that oversee that rising production. 

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