Calderon pledges energy reform

President Felipe Calderon says he will build political consensus to overhaul the energy industry, a move many see as crucial to promoting development and boosting economic growth in this oil- rich but poverty-plagued nation of 107 million.

Mexico, one of the world


On Jan. 1, proven oil reserves were estimated at 15.51 billion barrels, or about 5.8 percent less than at the same time last year, and only enough to last about nine years at current production levels.

The president told the closing session of the Confederation of Industrial Associations (Concamin) on Monday night that a shared approach was needed “by the parties, the branches of government, the levels of government, society, the industrialists, the workers” that allows alternative ways to be examined for achieving a common goal.

El Universal