{"id":31198,"date":"2017-07-13T06:09:57","date_gmt":"2017-07-13T10:09:57","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=31198"},"modified":"2017-07-13T06:09:57","modified_gmt":"2017-07-13T10:09:57","slug":"the-free-market-works-every-time","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=31198","title":{"rendered":"The Free Market Works Every Time"},"content":{"rendered":"

Yesterday The New York Times<\/a> posted an article about the energy industry<\/a> in Mexico. The article is about a recent move by the Mexican government<\/a> to end state control of the energy industry in Mexico. The decision to deregulate has paid off.<\/p>\n

The article reports:<\/p>\n

The government began auctioning off rights<\/a> two years ago to drill in parts of the Gulf of Mexico. On Tuesday, an international consortium of energy companies said they had discovered a large oil<\/a> field, and another firm said it had discovered more oil than expected in a separate area.<\/strong><\/p>\n

The overhaul of the Mexican oil and gas sector<\/a> in recent years eventually ended the state energy company\u2019s seven-decade domestic monopoly on exploration and production. The aim was to arrest years of declining oil output<\/a>, blamed on a slow-moving public sector that lacked the technology to exploit opportunities in deep-sea drilling, or shale oil and gas.<\/strong><\/p>\n

The two announcements on Tuesday appeared to suggest that Mexico\u2019s strategy, which was met with criticism when it was first pushed through, was succeeding.<\/strong><\/p>\n

The consortium, made up of Premier Oil<\/a> of Britain, as well as Talos Energy of Texas<\/a> and the Mexican company Sierra Oil and Gas, said that it had discovered a field<\/a> containing more than one billion barrels of oil in shallow water 40 miles off the Mexican coast<\/a>. Riverstone Holdings<\/a>, an American private equity<\/a> firm that specializes in energy investments, owns 45 percent of Talos Energy and 43 percent of Sierra Oil and Gas.<\/strong><\/p>\n

It’s amazing what can be accomplished when there is an incentive to accomplish it!<\/p>\n

There are two things to note here–like it or not, fossil fuel is the basis of the current world economy, and an improving Mexican economy<\/a> may help slow down the pace of illegal immigrants coming to America from Mexico. This is a win-win situation for Mexico and for America. The free market works every time it is tried.<\/p>\n

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Yesterday The New York Times posted an article about the energy industry in Mexico. The article is about a recent move by the Mexican government to end state control of the energy industry in Mexico. The decision to deregulate has … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4293,418,8558],"class_list":["post-31198","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-energy-industry","tag-mexico","tag-the-new-york-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/31198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31198"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/31198\/revisions"}],"predecessor-version":[{"id":31199,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/31198\/revisions\/31199"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}