Baker Institute Viewpoints is a regular series on the Baker Institute Blog that presents an array of views on a single issue.
Since 1938, Mexico's energy sector has been dominated by the national oil company, Pemex — but now, due to declining output and profits, reform seems essential to revitalize the domestic energy industry. President Peña Nieto recently proposed sweeping energy reforms that would open up the energy sector to private investment, including foreign capital. Will the reforms succeed in attracting foreign investment? How will domestic political forces shape the reforms? In this Baker Institute Viewpoints series, four experts discuss the politics, feasibility and effectiveness of the proposed energy reforms.