US News and World Report quotes Adrienne Arsht Latin America Center Nonresident Senior Fellow David Goldwyn on the entrenched corruption and volatile security situation in Mexico deterring potential foreign investors:
But then there’s the onshore auction, expected in late 2016, for lucrative swaths of shale near the Texas border, the kind of oil and gas reservoirs that demand the expertise of US fracking firms already exploiting the same formation on the Texas side of the border. Despite the American advantage, many parcels will likely go unsold, experts say.
“The security situation is so volatile, they’re not going to see any investment,” says David Goldwyn, president of Goldwyn Global Strategies and a senior fellow at the Atlantic Council’s Adrienne Arsht Latin America Center.